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 B. Reich, a former secretary of labor, is the Chancellor’s Professor of Public Policy at the University of California, Berkeley and author of Beyond Outrage.