Professor Eileen Appelbaum publishes new book

Private Equity at Work Book CoverWritten by visiting Professor to the centre, Eileen Appelbaum, and Professor Rosemary Batt of the Industrial and Labor Relations School at Cornell University, Private Equity at Work: When Wall Street Manages Main Street provides a comprehensive guide to private equity and its effects on the American workplace.

Private equity firms have long been at the center of public debates on the impact of the financial sector on Main Street companies. Are these firms financial innovators that save failing businesses or financial predators that bankrupt otherwise healthy companies and destroy jobs? The first comprehensive examination of this topic, Private Equity at Work provides a detailed yet accessible guide to this controversial business model. Economist Eileen Appelbaum and Professor Rosemary Batt carefully evaluate the evidence—including original case studies and interviews, legal documents, bankruptcy proceedings, media coverage, and existing academic scholarship—to demonstrate the effects of private equity on American businesses and workers. They document that while private equity firms have had positive effects on the operations and growth of small and mid-sized companies and in turning around failing companies, the interventions of private equity more often than not lead to significant negative consequences for many businesses and workers.

Private Equity at Work: When Wall Street Manages Main Street provides an unprecedented analysis of private equity and policy recommendations intended to curb its negative effects while preserving its constructive role in the economy.

Read the full press release here

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