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Massachusetts

Elizabeth Warren seeks to rein in private equity, citing Steward

A new bill from the Massachusetts Democrat would crack down on private equity firms that use debt to acquire businesses and then strip them of their cash, real estate, and other assets.

By: The Boston Globe
  • Oct 11 2024
  • 38
  • 4333 Views
Elizabeth Warren seeks to rein in private equity, citing Steward
Elizabeth Warren seeks to rein
Long a vocal critic of Wall Street, Warren is proposing new “anti-looting” measures that would make it more difficult for private equity firms to saddle their acquired companies with debt and then squeeze out profits for themselves. The bill would cr... [5560 chars]

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