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Private Equity and the SEIU
The Service Employees International Union (SEIU) has made a series of allegations against the private equity investment industry.
The links below offer detailed responses to the major issues raised by the union.
The Truth About Private Equity and Portfolio Companies
The SEIU has accused private equity partners of acting as asset strippers who add little or no value to the companies they acquire and who act without regard to the welfare of their portfolio companies, employees and local communities. Those assertions are directly contradicted by a large body of independent research conducted by noted and respected scholars and institutions.
The truth about Private Equity and portfolio companies
The Truth about Private Equity and Tax Policy
The SEIU has portrayed private equity partners as the beneficiaries of unfair tax “loopholes.” These assertions are directly contradicted by tax law and a significant body of legal precedent, both in the United States and internationally.
The truth about Private Equity and tax policy
The Truth About Private Equity and the Banking Industry
The SEIU has argued that private equity partnerships should be prohibited from investing in U.S. banking institutions, despite the public comments of Federal Reserve Chairman Ben S. Bernanke and U.S. Treasury Secretary Henry Paulson that such investments would be good for the industry.
The truth about Private Equity and the banking industry
The Truth About Private Equity and Sovereign Wealth Funds
The SEIU has suggested that Sovereign Wealth Funds - pools of investment capital managed by foreign governments - are using investments in Private Equity to surreptitiously gain control of U.S. companies. The facts prove otherwise.