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Donkees

(31,340 posts)
Tue Nov 16, 2021, 11:24 AM Nov 2021

Video: PetSmart Workers EXPOSE Horrendous Conditions



Nov 15, 2021

Corporate greed is killing pets and starving workers at PetSmart. When the private equity firm BC Partners bought PetSmart in 2015, animal deaths more than doubled and working conditions plummeted. Workers and elected officials are demanding change.

PetSmart’s behavior under BC Partners has caught the attention of Senator Warren and Rep. Mark Pocan, who are demanding answers about working conditions and pet deaths. Their bill, the Stop Wall Street Looting Act, would hold private equity firms responsible.
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Video: PetSmart Workers EXPOSE Horrendous Conditions (Original Post) Donkees Nov 2021 OP
In the letter, the lawmakers asked the firm to disclose documents by November 19, 2021. Donkees Nov 2021 #1
The most corrupt and rich I_UndergroundPanther Nov 2021 #2

Donkees

(31,340 posts)
1. In the letter, the lawmakers asked the firm to disclose documents by November 19, 2021.
Tue Nov 16, 2021, 01:28 PM
Nov 2021
In the letter, the lawmakers asked the firm to disclose documents and information required in Sections 501 and 503 of her bill, the Stop Wall Street Looting Act, and to explain the steps it has taken and plans to take to address public health gaps and reported rise in pet deaths at PetSmart facilities by November 19, 2021.

...Meanwhile, BC Partners appears to have followed the private equity playbook to line its pockets. Immediately following its acquisition, PetSmart returned an $800 million dividend to its new owners, allowing BC Partners to recoup nearly 40% of its initial acquisition cost within ten months of the deal. In the middle of the pandemic, BC Partners also took steps to split PetSmart and Chewy, the more profitable online pet retailer, and transfer all of PetSmart’s shares in Chewy – valued at $26 billion – to themselves.

https://www.warren.senate.gov/oversight/letters/warren-pocan-seek-answers-from-pe-firm-bc-partners-following-reports-of-inadequate-working-conditions-and-rise-in-pet-deaths-at-petsmart

I_UndergroundPanther

(12,462 posts)
2. The most corrupt and rich
Fri Nov 19, 2021, 11:58 PM
Nov 2021

Must be made to suffer. Petsmart owners for the animals that have died and abusing the workers for "efficency".

Rich people especially the corrupt ones need to be taxed at rates higher than the 60's and 70's

I say 99 % on thier assets and profits and everything else that can be taxed ruthlessly.

Nobody is entitled to run a company. When they abuse workers and kill animals why not revoke thier corporate charters..

and liquidate every asset and every dime. And donate it to pay off the national debt.or better yet use it to help the lives of poor people ,workers,ect. Use it to make things better for the non-millionairs.

Stuff like free college,free school lunches,clean up polluters crap,get rid of fossil fuels,protect parks and nature. House the houseless,mental health programs expand medicare/medicalassistance.. empower the irs.


Too many corporations are abusive and tyrannical they have the entitlement mentality.

The profit imperative needs to stop.

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