Leaders with United for Respect are fighting back against the growing economic crisis caused by Wall Street’s wave of bankruptcies and corporate billionaires who take over retail companies and ruin them for a profit.
Because there are no laws regulating Wall Street private equity firms, corporate CEOs have sabotaged retailers like Toys ‘R’ Us, Sears, and Art Van Furniture by driving them into bankruptcy and leaving essential workers with nothing — no paycheck, no severance pay, and no health insurance in the middle of a deadly pandemic.
Enough is enough. Wall Street greed must be kept in check by holding private equity firms and corporations accountable for the lives they ruin, the communities they trash, and the local economies they devastate. Across the country, UFR leaders are working alongside elected officials to pass state laws mandating guaranteed severance pay to employees facing mass layoffs.
Time and time again, both before and throughout the pandemic, we’ve seen corporations and private equity firms receive taxpayer-funded bailouts, state subsidies, and tax breaks. But for our country to thrive, our laws must prioritize working families, not corporate billionaires.