In the Matter of Staples/Essendant, Inc., File No. 1810180 #03210

Submission Number:
03210
Commenter:
dan sabatinelli
State:
Massachusetts
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
stop Staples from merging with Essendant 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,even though the company still makes money, even though thousands of workers lose their jobs.