Labor & Economic News Blog
Thursday, May 17, 2007
Private Equity Deals Gain Clout, May Hurt Workers
Private Equity Deals Gain Clout, May Hurt WorkersNPR audio:
The recent sale of Chrysler by Cerberus illustrates the growing clout of private equity firms in the U.S. economy. But the growth of private equity firms also raises questions about its impact on workers. Members of a House committee delved into these issues at a hearing on Capitol Hill.
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