In the Matter of Staples/Essendant, Inc., File No. 1810180 #01861

Submission Number:
01861
Commenter:
Margaret Murray
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
This is worse than disgusting. It is very, very destructive to our economy. Any fool can see that if you buy out profitable companies, like Staples as private equity funds do (take Toys R' US as another example) then load up the company with debt while slashing wages, benefits, and jobs, all to make more money for the wealthy investors, we common folk lose while the 1% has another big win to put in their banks.