Private equity uses govt pension funds to buy private firms, restructure them and lay private sector workers off. Govt. pensions are built on cutting private sector workers

As public officials across America prepare to funnel even more of government workers’ savings to private equity moguls, an alarm just sounded for anyone bothering to listen. It is a warning that Wall Street executives, busy skimming fees off retirement …

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Disney Proposal to Restructure, on McKinsey’s Advice, Triggered Uproar From Creative Executives

Full Press Release: https://www.wsj.com/articles/disney-proposal-to-restructure-on-mckinseys-advice-triggered-uproar-from-creative-executives-11669928586?utm_source=reddit.com ​ LOS ANGELES—Walt Disney Co. was working with consulting firm McKinsey & Co. in recent months on an effort to centralize control of major spending decisions, triggering an uproar from top creative executives at the entertainment giant, …

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Sears CEO’s hedge fund pushes retailer to restructure debt, sell off assets as part of turnaround effort

by COMPUTER1313 http://www.chicagotribune.com/business/ct-biz-lampert-sears-debt-proposal-0925-story.html Lampert’s ESL Investments wants Hoffman Estates-based Sears Holdings Corp. to restructure more than $1 billion in debt and sell about $1.5 billion in real estate and about $1.75 billion other assets, including the company’s popular Kenmore appliance …

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