WHEN WALL STREET MANAGES MAIN STREET: SHINING LIGHT ON THE SHADOW BANKING SYSTEM with Eileen Appelbaum and Rosemary Batt

| 0

In 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.