In the Matter of Staples/Essendant, Inc., File No. 1810180 #00259

Submission Number:
00259
Commenter:
Robert Toop
State:
Massachusetts
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
After watching the destructive work of hedge funds over the last couple of decades, I feel I must express opposition to mergers and acquisitions like the one proposed by Staples. These activities result in two very bad effects of the wrong kind of capitalism: 1. The elimination of competition (just as bad as trusts for the public). 2. The use of debt-loading to manipulate taxation, and to maximize profit for the owner holding company/private equity entity. I believe these activities are against the interests of investors like myself and the public as a whole.