In the Matter of Staples/Essendant, Inc., File No. 1810180 #00328

Submission Number:
00328
Commenter:
Karina Walsh
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Private Equity Funds are shutting down businesses and ruining lives, while destroying jobs and decreasing competition, with their predatory practice of buying businesses and saddling the businesses with the debt of buying them! It happened to KayBee Toys, Sears, Toys R Us, and other American staple businesses and it has got to STOP. Staples provides government and educational agencies affordable pricing for supplies and to kill that business would affect these taxpayer-dependent organizations' budgets negatively, impeding their ability to do their publically demanded work! Maybe KayBee Toys shutting down won't affect schools, but Staples going under sure will! This practice needs to be outlawed completely.