In this video from MoveOn.org, Robert Reich, Professor of Public Policy at the University of California at Berkeley, explains in eight simple steps how private equity partnerships make money. Spoiler alert!—the answer involves cutting costs, jobs and benefits.
—Erin Schikowski
Robert B. ReichRobert Reich is a professor emeritus at UC Berkeley and the former secretary of labor in the Clinton administration. His latest book is Coming Up Short: A Memoir of My America.