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Private Equity Firm Bought My Employer
(lemmy.world)
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this post was submitted on 01 Jun 2024
111 points (98.3% liked)
Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
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"mostly" was actually a subset of employees that owned a controlling interest and shared with some more passive investors. I don't know the details on how the PEF got a majority but I imagine the passive investors were bought out and can't imagine it took many employees to defect to produce the majority.