Blog: Antitrust Authorities Turn Focus to Private Equity Role in Monopolies
At long last, private equity is getting the attention it deserves from antitrust authorities as a force for consolidation, higher prices, and less consumer choice.
Tag Archives: Hedge Funds and Private Equity
NEWS RELEASE: Private Equity is Financing the Climate Crisis Away from Public Scrutiny
A new report finds that the private equity industry owned close to 700 utility-scale power generation facilities in the United States in 2021 that emitted about 200 million metric tons of carbon dioxide annually.
News Release: Sen. Elizabeth Warren and Rep. Mark Pocan Join Town Hall, Build Momentum for Halting Private Equity Abuses of Workers, Communities
At a town hall hosted by United for Respect and Americans for Financial Reform, workers and leaders across industries came out strongly in support of the Stop Wall Street Looting Act. The event focused on the devastating impact of private equity firms on the quality and quantity of jobs across industries.
Statement: Supporters of the Stop Wall Street Looting Act
Many organizations have come out in support of the Stop Wall Street Looting Act, the first comprehensive reform of the predatory private equity industry. This legislation was introduced in Congress today.
Fact Sheet: Stop Wall Street Looting Act of 2021 Provisions
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.
Fact Sheet: Stop Private Equity from Driving Retailers into Bankruptcy, Destroying Jobs and Livelihoods
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.
Fact Sheet: Stop Private Equity-Owned Nursing Homes from Extracting Profits at the Expense of Care
Private equity firms have bought up thousands of nursing homes across the country, lowering the quality of care and harming residents.
Fact Sheet: The Stop Wall Street Looting Act: End Private Equity’s Predatory Practices
By creating accountability for the Wall Street tycoons who lead private equity takeovers and reversing the policies that enable wealth extraction, this set of policies can protect workers, families, and communities.
Fact Sheet: Private Equity is the Driving Force Behind Surprise Medical Billing
Private equity firms have driven much of the rise in surprise billing that threatens the financial stability of vulnerable patients as well as families’ health and peace of mind.
Fact Sheet: Close the carried interest loophole that is a tax dodge for super-rich private equity executives
The carried interest tax loophole is an income tax avoidance scheme that allows private equity and hedge fund executives — some of the richest people in the world — to substantially lower the amount they pay in taxes, exacerbating income and wealth inequalities.