Entries in Washington Post (2)
Parties Split Over Public Inequities of Private Equity
FROM THE WASHINGTON POST
Andy Stern, president of the Service Employees International Union, which has called on private-equity firms to commit to improving the lot of workers and communities as well as investors, said, "If they will not self-regulate, we think it is necessary that Congress should legislate.
Anthony S Jennings
in Washington Post
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Private Equity's Bottom Line for Workers
Sam Zell and Andy Stern each have an idea for making sure that when companies are taken private, employees get some of the benefits if things go well.
Zell's idea is to use about $8 billion of borrowed money to buy Tribune Co., a badly run media company in a declining industry, which he would then recapitalize and restructure into an employee stock-ownership plan. When his financial alchemy is completed, employees will control 60 percent of the stock in the new, privately held Tribune, while Zell will control 40 percent.
Andrew McDonald
in News Coverage, Washington Post
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