Elizabeth Warren and Bernie Sanders rip report defending private equity, saying it uses ‘sham research.’
The American Investment Council works with Ernst & Young to put together a report that defends the private equity industry.
Democratic U.S. presidential candidate Elizabeth Warren appears on stage at a First in the West Event at the Bellagio Hotel in Las Vegas, Nevada, November 17, 2019., Sen. Bernie Sanders and seven other lawmakers on Monday ripped a report defending the private equity industry, calling the research underpinning it a "sham."
The report highlighted the firms' role in providing growth equity and skilled managers for companies in need. Companies such ashave successfully grown under private equity's watch before being handed off to the public markets through an IPO. Warren and the lawmakers attacked other numbers in the Ernst & Young report, such as the "$1.1 trillion of value" AIC says was added the U.S. economy and the $174 billion it said the private equity industry paid in taxes.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bernie Sanders, Elizabeth Warren call out FedEx, Trump tax cuts after company pays $0Senators Bernie Sanders and Elizabeth Warren both blasted FedEx and President Donald Trump's 'corporate elite' tax cuts for allowing the courier giant to avoid paying any federal taxes.
Baca lebih lajut »
Elizabeth Warren and Bernie Sanders rip report defending private equity for using 'sham research'The report, released in October, aims to paint a different picture of the private equity industry than the one put forward by populist politicians like Elizabeth Warren and Bernie Sanders.
Baca lebih lajut »
Billionaire Demands Elizabeth Warren Show Some Respect for His Net Worth“She’s disgraceful. She doesn’t know who the fuck she’s tweeting.”
Baca lebih lajut »
Elizabeth Warren weighs in on Taylor Swift's rift with her former record companyIn an unlikely turn of events, support for the 'Lover' artist came from a surprising source: Democratic presidential candidate Elizabeth Warren, who backed the singer in a Twitter post on Saturday.
Baca lebih lajut »
Elizabeth Warren and AOC #StandWithTaylorThe two politicians bring up the bigger issue at hand.
Baca lebih lajut »