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How Private Equity Killed the American Dream
In her new book “Bad Company,” journalist Megan Greenwell chronicles how private equity upended industries from health care to local news—and the ways workers are fighting back.
Her book focuses on the stories of four of these individuals, including a Toys “R” Us supervisor who loses the best job she ever had and a Wyoming doctor who watches his rural hospital cut essential services. The four characters in my book are all trying to do something about this in very different ways, and those range from fighting for regulation, to just going head-to-head directly with the private equity firm that upended their own life, to really trying to reinvent their industries from the ground up, which is something that is especially inspiring to me. So they started going around the country, standing in front of these pension fund boards and saying “here is how these private equity firms that you invest in have blown up our lives,” talking in really specific detail about things like how they couldn’t find jobs and were worried about feeding their families.
Or read this on Wired
