Home Viewpoints Finance Union demonstrates outside Carlyle Group"s HQ Thursday, 20 November 2008
             
Union demonstrates outside Carlyle Group"s HQ PDF Print E-mail
Saturday, 22 September 2007 20:55
The Service Employees International Union demonstrated outside the Washington DC headquarters of the Carlyle Group - the second largest global private equity fund - to demand full disclosure of the impact of the fund"s pending USD 6.3 billion acquisition of the health care provider Manor Care

"As transactions get larger and our business expands globally, so does the complexity of the issues, actively engaging policymakers and other stakeholders is more critical than ever to our business." said David Rubenstein, a Carlyle co-founder, in a statement.

"Carlyle has not said how Manor Care workers will be affected and whether there will be wage and benefit changes," a union spokesperson told the Washington Post. According to the paper, the demonstrators "were unsuccessful in delivering a list of demands to Carlyle executives, including assurances that Carlyle would disclose how planned changes might affect nursing-home workers, residents and taxpayers in each of the states where Manor Care does business. Security personnel at Carlyle"s headquarters on Pennsylvania Avenue NW denied them admission to the company"s offices, and no one from Carlyle would agree to meet with the union."

"When our portfolio company customers are well served, our investors are as well," Carlyle spokesman Christopher Ullman said in a statement.

Subscribe to Private Equity Watch by Email

Visit my Blog...

Comments
Discuss Viewpoint
Title: (optional)
[b] [i] [u] [url] [quote] [code] [img] 
 
Receive update notifications?

3.23 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
 

MBAA Poll

Via the Interest Rate, what can the Federal Reserve Affect?
 

Quotes

There are a lot of things that go into creating success. I don't like to do just the things I like to do. I like to do things that cause the company to succeed. I don't spend a lot of time doing my favorite activities. - Michael Dell

Visit Sponsors

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.