Find more information on the issues deeply affected by private equity investments:
A recent video by More Perfect Union analyzes private equity firm Roark Capital’s low-wage fast food empire and how it impacts the approximately 1.4 million people working at their portfolio companies. Companies owned by Roark…
Following the announcement that private equity giant Blackstone plans to acquire Tricon Residential, Private Equity Stakeholder Project (PESP) and partners UNITE HERE Local 11, AFSCME Local 3299, and the Alliance of…
Group calls it a win for consumers and workers; Albertsons owner Cerberus recently received a failing grade in first-ever labor scorecard Statement by Justin Flores, Labor-Jobs Director at the Private Equity Stakeholder Project (PESP),…
A year ago, in February 2023, Blackstone-owned Packers Sanitation paid $1.5 million in civil money penalties after the U.S. Department of Labor’s (DOL’s) Wage and Hour Division found the company employed at least 102 children – some…
A recent New York Times article analyzed the rise of Ownership Works, an employee-ownership model that purports to “share the wealth” with employees of portfolio companies owned by private equity firms. …
Since July 2023, PESP has been keeping track of union-busting tactics and alleged unfair labor practices occurring at the Brookfield-owned Westinghouse plant in Hopkins, South Carolina. The company’s efforts have already been the…
Citing Blackstone’s history of raising rents and evicting tenants, advocates implore pension funds to stop the firm from acquiring SFR company Tricon Residential Ahead of today’s meeting of the Los Angeles County Employees Retirement Association (LACERA), the…
A recent Hawaii Business Magazine story followed the notable increase of private equity influence in Hawaii’s hotels. Hawaii Business Magazine December 18, 2023: Private Equity Owns a Big Chunk of Hawai‘i’s Hotels. Here’s Why That Matters. Private equity…
Tentative Agreement between CWA/TNG Local 37074 and the Private Equity Stakeholder Project is unanimously ratified by bargaining unit members On November 14, 2023 the Private Equity Stakeholder Project Staff Union (PESP-SU), a bargaining unit within the Denver News Guild, CWA/TNG…
Private equity firm Brookfield owns nuclear supplier Westinghouse. In July, reports surfaced of Westinghouse management paying for third party created videos, leaflets, and other materials distributed to the workforce to discourage union membership, as well as coercive statements, rules,…
In August of this year, Roark Capital announced plans to acquire the U.S. sandwich chain Subway for nearly $10 billion. Roark Capital’s acquisition of Subway greatly expands the firm’s global presence as a fast food franchisor – Subway has…
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
