Entries in National Public Radio (1)

Private Equity Deals Gain Clout, May Hurt Workers

FROM MORNING EDITION, NATIONAL PUBLIC RADIO 

[C]ritics at the hearing noted that some private equity firms slash jobs and contribute to America's growing income gap. Among those critics: Andy Stern, who runs the Service Employees International, one of the country's biggest unions.

"For all the hundreds of millions of dollars of fees and billions of dollars in profits taken out of these deals at private equity firms, the workers at most of these companies have seen no increases in benefits, no increases in wages," Stern said.

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Posted on Friday, May 18, 2007 at 10:11AM by Registered CommenterAnthony S Jennings in | Comments Off | EmailEmail | PrintPrint