Find more information on the issues deeply affected by private equity investments:
In a recent investigation NBC News spotlighted Roark Capital, owner of Inspire Brands — the parent company of fast-food chains such as Arby’s, Dunkin’, Baskin-Robbins, Sonic, Cinnabon and Seattle’s Best Coffee. NBC News estimated that more than 700,000 people work…
NBC examined how workers earning already low wages experienced “reduced circumstances” after their company is taken over by a private-equity firm. NBC, October 9, 2021: Working for companies owned by well-heeled private-equity firms can mean lower wages for employees…
Three years after Massachusetts Attorney General Maura Healey filed a civil fraud case alleging that HIG disregarded an employee’s complaint that behavioral healthcare provider Community Intervention Services (CIS) was using unsupervised, unlicensed therapists to care for patients, private equity firm…
Peggy Malone, RN, has been a nurse for 32 years, all of them at the Crozer-Chester Medical Center in Upland PA. She testified at the October 20, 2021, U.S. Senate Committee on Banking, Housing and Urban Affairs hearing “Protecting…
International Consortium of Investigative Journalists, October 5, 2021: As Catholic order fought sex abuse claims, secret trusts devoted to it poured millions into American rental properties The International Consortium of Investigative Journalists (ICIJ) and 150 media partners recently…
The Private Equity Stakeholder Project and the Cornell ILR Worker Institute hosted an online forum on October 21 that featured workers employed by private equity-owned companies, speaking out about how they are standing up and fighting for good jobs. …
The New Yorker has reported on another industry in which private equity has been quietly investing. According to the outlet: In the past five years, private-equity firms have acquired dozens of disaster-restoration companies. In 2019, Blackstone, one of the world’s…
The New Republic reported that “actual private equity investments frequently don’t align with their climate-friendly public posturing.” The New Republic, October 14, 2021: Private Equity Is Quietly Keeping Fossil Fuel Companies in Business Covering the Private Equity Stakeholder Project’s…
Since the start of the pandemic, private equity firms and other corporate landlords have filed to evict more than 124,000 families in counties throughout Georgia, Florida, Texas, Arizona, Tennessee, and Nevada. These eviction actions took place despite the existence of…
The Toronto Star reported how the top executive of the Public Sector Pension Investment Board (PSP), which manages the retirement funds of most Canadian federal employees, defended a controversial $700 million investment with private equity firm Pretium Partners in single-family…
Four private equity-owned mobile home companies were the subject of a recent investigative report by the Denver Post. Denver Post, September 23, 2021: Four corporate owners generate a quarter of complaints from Colorado’s mobile home residents They include RHP…
