Forum Post: Private Equity destroys jobs here in New York
Posted 13 years ago on Oct. 15, 2011, 8:43 a.m. EST by FairnessDoctrine
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How can private equity executives who often fire thousand of employees and outsource work to Asia pay less tax? Just look at what happened with the Nielsen company here In New York. They have already fired over 5,000 employees and have outsourced many jobs to India. Yet the CEO and the PE executives are now making millions for destroying jobs.
They bought the company ... They can do whatever they want ... Tough
Yet, New York Mayor Michael Bloomberg accused anti-Wall Street protesters on Friday of trying to destroy jobs in the city, even as he said he was sympathetic to some of their complaints.
http://www.reuters.com/article/2011/10/08/us-usa-wallstreet-bloomberg-idUSTRE79704W20111008
You need to point this out. Bloomberg is wrong. Get the word out about the 5000 jobs lost. Do you have documentation?