First Church JP
6 Eliot St., Boston, MA
Sep 23, 2014
7:00 PM - 8:30 PM (GMT-5)
Since 2000, nearly 11,500 companies—representing almost 8 million employees—have been purchased by investment managers that make investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital, otherwise known as private equity (PE) firms.
Private Equity at Work, a groundbreaking analysis of a hotly contested business model, Economist Eileen Appelbaum and Professor Rosemary Batt show that Private Equity firms’ financial strategies are designed to extract maximum value from the companies they buy and sell, often to the detriment of those companies and their employees and suppliers. These actions often lead to financial distress and a disproportionate focus on cost-cutting, outsourcing, and wage and benefit losses for workers, especially if they are unionized.