Entries in DowJones Market Watch (1)

Congress grapples with private-equity buy outs

FROM DOWJONES MARKET WATCH

"America has been at its best when a broad-based group of people share in the wealth," said Andy Stern, president of the Services Employees International Union. Stern said deals that are highly leveraged, as many of the private-equity deals are, create acute pressures to cut costs, especially for workers' pay and benefits.

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Posted on Friday, May 18, 2007 at 10:37AM by Registered CommenterAnthony S Jennings in | Comments Off | EmailEmail | PrintPrint