Private equity greed is killing once-prosperous businesses like Red Lobster!

The bankruptcy of Red Lobster is the latest example of private equity greed killing a once prosperous business. This is what private equity does. It sells assets and cashes out while leaving companies in the lurch. That’s why we need federal legislation such as Senator Elizabeth Warren’s “Stop Wall Street Looting Act” to hold private equity firms accountable for the outcomes of the businesses they take over, in order to protect workers and investors alike. I urge the Senate to pass this critical legislation to stop the wrecking ball of greed from destroying businesses and our economy.

First sent on May 28, 2024 by Jess Craven