Find more information on the issues deeply affected by private equity investments:
United for Respect, Private Equity Stakeholder Project, and Americans for Financial Reform today announced that they had sent the below letter to Kohl’s Corporation’s (NYSE: KSS) Board of Directors and Investors. The groups urged the board and…
Resilience Force has been working for the last two years with workers employed by SERVPRO franchisees and their subcontractors, and other disaster recovery companies. SERVPRO is a Blackstone-owned disaster restoration company with a track record of high-risk practices that…
Private equity firm KKR recently acquired a majority stake in Refresco, the world’s largest independent bottling company. Refresco produces beverages such as BodyArmor Sports Drink for Coca-Cola, Gatorade for Pepsi, Arizona Iced Tea, and Tropicana juices. KKR touts its…
60 Minutes reported how hedge funds and other financial firms – including private equity – now own nearly a third of the daily newspapers in the US. These new owners “are often committed not to headlines and deadlines, but to…
More Perfect Union’s latest video shows when private equity firms come in, workers can suffer. Cheesecake Factory workers spoke with More Perfect Union, describing their working conditions when their employer was owned by private equity firm Roark Capital. The…
Institute for Policy Studies associate fellow Sam Pizzigati asked if democracy in the United States could be disappearing and called the private equity industry a danger to American democracy. Counterpunch, February 22, 2022: From the Kingpins of Private Equity,…
The United Electrical, Radio and Machine Workers of America (UE) and the Private Equity Stakeholder Project (PESP) sent a letter to the PRI Board of Directors requesting the delisting of PAI Partners after the private equity firm and PRI…
The Fight for $15 began ten years ago with mass strikes by workers at McDonald’s and other fast-food companies in multiple cities across the U.S. Since then, the $15 minimum wage has gained an enormous amount of traction and has…
Private Equity Firm Sycamore Partners’ Brands Must Ensure Garment Workers Receive $7.8 Million in Unpaid Compensation The clothing store chains Lane Bryant and Torrid are portfolio brands of private equity firm Sycamore Partners.[1] The Brilliant Alliance Thai Global garment…
Workers have been on strike in Alabama for nearly 10 months Since April 1, 2021, 900 mineworkers have been on strike after saving their employer more than $1 billion during and after its bankruptcy through cuts in pay, overtime,…
Inequality.org reviewed the damages caused by Henry Kravis and George Roberts, the billionaire founders of KKR, “America’s first nationally celebrated “private equity” giant” as they step down as the company’s co-CEOs. According to Inequality.org, Kravis’ and Roberts’ KKR portfolio currently…
Right before the Thanksgiving holiday, Bojangles restaurant workers in Burnsville, NC, participated in their second action against private equity-owned Bojangles. They began a week-long strike on November 23 against their employer’s mishandling of COVID cases and also for…
