April 9, 2014
Private Equity at Work: When Wall Street Manages Main Street
Economist Eileen Appelbaum and Professor Rosemary Batt present results from the first comprehensive examination of how the law views private equity firms as investors rather than employers, in turn leaving private equity owners unaccountable for their actions in ways that public corporations are. Since 2000, nearly 11,500 companies—representing almost 8 million employees—have been purchased by private equity firms. Are these firms financial innovators that save failing businesses or financial predators that bankrupt otherwise healthy companies and destroy jobs?
This event is part of the Capitalism and Democracy in Conflict? Governing Work in the Global Economy Lecture Series. It is sponsored by Rutgers School of Management and Labor Relations and Rutgers Center for European Studies. Support provided by Rutgers Centers for Global Advancement and International Affairs.