In the Matter of Staples/Essendant, Inc., File No. 1810180 #00772

Submission Number:
00772
Commenter:
Simone St Clare
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Private equity related mergers have led to the mis-use of mergers. These equity firms are allowed to drive the merged companies into bankruptcy. This is a mis-use of the law! Why should the human components of a company and those human's right to their retirement plans be subject to a corporation's relentless thirst for profit at any cost? This is a practice that needs to be scrutinized and policed. There has not been enough oversight by the FTC to prevent needless plundering of viable companies and the welfare of their employees.