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Union Says Private-Equity Firms Profit at Expense of Workers
FROM BLOOMBERG.COM
Buyouts are generating millions of dollars in profits for private-equity firms such as Bain Capital LLC while rank-and-file workers are left with low wages and no health-care coverage or pensions, the Service Employees International Union said.
To emphasize its point, the union took reporters on a tour of New York's Times Square today, where it said private-equity firms have bought or sold more than 50 businesses, including Burger King Holdings Inc., Duane Reade Inc. drug stores, Dunkin' Brands Inc.'s Dunkin' Donuts stores and AMC Entertainment Inc. movie theaters, worth more than $106 billion.
Posted on Monday, July 23, 2007 at 02:18PM
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Behind the Buyouts WebMaster
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Behind the Buyouts WebMaster
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