By Stephen Foley in New York
Published: 02 April 2007
One of America's fastest-growing unions is promising to bring a European-style campaign against private equity to the US for the first time - and the organisation has chosen as its first target the flotation of Blackstone, the world's premier buy-out firm.
The Service Employees International Union says that the US has lagged behind Europe in launching a debate about the effects of private equity's takeover of large parts of the economy. And it says that as increasing numbers of its members in the healthcare, property services and the public services are transferred to private equity-owned companies, it wants to ensure they get fair treatment at the same time as industry executives reap huge personal fortunes from the deals. continue...
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