Stock buybacks exacerbate the racial wealth gap, worsen economic inequality, and divert resources from the real economy which harms workers. Taxing buybacks would raise revenue and discourage companies from putting highly-paid executives ahead of the broader economy.
A new survey by a bipartisan set of pollsters, Lake Research Partners and Chesapeake Beach Consulting reveals support for tough regulation of the financial services industry and acute alarm at Wall Street’s move to buy up health care companies. The poll, commissioned by Americans for Financial Reform and the Center for Responsible Lending, is consistent with a decade of
A section-by-section of Sen. Warren’s plan to address the predatory elements of the private equity business model that harm workers, investors, and communities.
View or download a PDF version here. Private Equity Drives Retailers into Bankruptcy, Destroying Jobs and Livelihoods Private equity firms have devastated the retail industry, driving dozens of major chains into bankruptcy, shutting down thousands of stores, and costing over half a million of jobs nationwide over the past two decades. Private equity firms exploit
Private equity has had a disastrous impact on the retail industry, driving dozens of firms into bankruptcy, shutting down tens of thousands of stores, and costing hundreds of thousands of jobs nationwide.
View or download a PDF version here. Private equity firms have bought up thousands of nursing homes across the country, lowering the quality of care and harming residents. These Wall Street investment firms slash expenditures that could provide care and extract value from nursing home chains through fees, dividends, and real estate transfers that imperil