Workers are fighting back against private equity — the ruthless industry that strips and flips companies for profit.
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It’s an incentive system that encourages risky, even reckless behavior but, insulated from liability, they face little consequence if those plans fail. This explains why private equity firms often have such sorry consequences for everyone except themselves.
Due to the stock market downturn, public pensions invested in private equity are about to face a reckoning — but thanks to lax transparency regulations, pension members have no way of knowing how bad it might get.
Aggressive antitrust enforcement is starting to notch some victories.
The bottling plant I work at just got acquired by investors who want to change the future of capitalism. Let’s see how they handle our immediate concerns. Private equity firm KKR acquired a majority stake in global beverage solutions company Refresco
Owned by a billionaire Dutch family, Blue Harvest Fisheries has emerged as a dominant force in the lucrative fishing port of New Bedford, Massachusetts. Its business model: benefit from lax antitrust rules and pass costs on to local fishermen.
Private equity firms have conspired to flood the emergency health care market with ER doctors in an effort to cut labor costs — in the midst of what patients will still experience as an acute physician shortage with declining standards of care.
Communities, not corporations, should own our most vital health care assets.
Such firms control a huge portion of the world’s wealth. Instead of using that power to solve climate change, they’re blocking progress and profiting off inequality.
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