In the Matter of Staples/Essendant, Inc., File No. 1810180 #03240

Submission Number:
03240
Commenter:
Billy Steele
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
It's time to stop letting the rich keep getting richer while hurting the middle and lower class through the private equity fund. 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.