In the Matter of Staples/Essendant, Inc., File No. 1810180 #00499

Submission Number:
00499
Commenter:
Richard Pennington
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Private equity funds allow the wealthy to pool their money to buy out profitable companies, like Staples. The private equity fund then loads up the company with debt while slashing wages, benefits, and jobs, all to make more money for the wealthy investors. This is unacceptable on so many levels, I can't imagine why you would need anyones input to decide to not allow this purely greed motivated merger.