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:: Monday, June 11, 2007 ::
New Labor Strikes Deals With 'Private Equity Guys' - By Dale Russakoff and David Cho, Washington Post
The embattled labor movement is learning to think like capitalists, but not by choice. As burgeoning private equity funds bought U.S. companies last year worth more than half a trillion dollars -- a tenfold increase in only three years -- unions are shoring up their diminished bargaining power to try to negotiate worker-friendly financial deals with these new masters of the universe.
"In the union, we learn everything flat on our butt," said Ron Bloom, in-house investment banker for the United Steelworkers of America. "We get hurt and we say we're not going to get hurt again."------------------------------------------- posted 5:26 AM :: reference link ::
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