iOS app Android app

Eileen Appelbaum
GET UPDATES FROM Eileen Appelbaum
Dr. Eileen Appelbaum previously served as director of the Rutgers Center for Women and Work. Prior to taking over the Center at Rutgers she was the research director at the Economic Policy Institute. She previously had been a professor of economics at Temple University. She is the author of Private equity at Work: When Wall Street Manages Main Street and Unfinished Business: Paid Family Leave in California and the Future of U.S. Work-Family Policy.

Entries by Eileen Appelbaum

California Bill Would Increase Private Equity Transparency

(0) Comments | Posted April 22, 2016 | 11:46 AM

Private equity (PE) operated without oversight until the Dodd-Frank Financial Reform Act gave the Securities and Exchange Commission (SEC) authority to examine PE fund advisors. Regular audits, which began in 2012, turned up widespread and serious abuses. PE firms collect fees from the companies that PE funds buy with investors'...

Read Post

Alternative Investment Funds Get a Second Bite at Prime Manhattan Real Estate

(0) Comments | Posted October 23, 2015 | 5:22 PM

Is this déjà vu all over again? Nine years after the disastrous purchase of the landmark Manhattan rent-regulated apartment complex Stuyvesant Town - Peter Cooper Village by alt-investment funds Tishman Speyer Properties and BlackRock Inc. for $5.4 billion, PE giant Blackstone Group and Ivanhoe Cambridge have inked a deal to...

Read Post

Dodd-Frank at Five: Private Equity and the SEC

(0) Comments | Posted July 21, 2015 | 4:45 PM

2015-07-20-1437424020-5834876-doddfrank.jpg

Five years ago today, in the aftermath of the Great Recession and Financial Crisis, President Obama signed major financial regulatory reform into law -- the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law was designed to increase transparency and limit risk...

Read Post

IRS Should Crack Down on Private Equity's Abusive Tax Alchemy

(0) Comments | Posted April 15, 2015 | 5:00 PM

As Warren Buffett famously observed, "...while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks." He was referring to the fact that capital gains earned by wealthy investors are taxed at a much lower rate than wages earned by workers. And...

Read Post

Pennsylvania Lawmakers Should Not Kill Philadelphia's Earned Paid Sick Days

(0) Comments | Posted March 19, 2015 | 8:16 PM

In February Philadelphia joined 16 other cities and three states that provide workers with guaranteed access to a few days of paid time off each year to recover from an illness or care for a sick child. This month, lawmakers in Harrisburg sought to undo this widely supported, common sense...

Read Post

Private Equity Is Going Retail

(0) Comments | Posted March 11, 2015 | 8:27 PM

Under attack from all sides, defined benefit retirement plans -- old fashioned pension funds -- are on the decline. Workers have been thrown back on their own resources. Those with sufficient income are saving for retirement in defined contribution savings plans. Funds in these tax-advantaged retirement plans -- like 401(k)s...

Read Post

Who's the Boss

(0) Comments | Posted September 8, 2014 | 10:46 AM

It has become harder and harder for workers to tell who their employer is. Companies have engaged in vertical dis-integration as franchised businesses have become increasingly prominent and contracting out of operations by traditional firms has increased. The expanded reach of private equity funds as owners of Main Street companies...

Read Post

The Real Lesson From the EFH Bankruptcy

(6) Comments | Posted May 16, 2014 | 2:53 PM

Texas energy company Energy Future Holdings Corp (EFH) filed for bankruptcy last month only seven years after it was purchased by a consortium of private equity firms in the largest leveraged buy-out in history. Few would have predicted EFH's ultimate demise in 2007 when Kohlberg Kravis Roberts, TPG Capital, and...

Read Post

If You Can't Beat Them, Join Them - Private Equity's New Strategy?

(0) Comments | Posted May 13, 2014 | 1:33 PM

Since the end of the financial crisis and the stock market's climb out of 2009's deep hole, the S&P 500 has been on a tear. The run-up in the bull market has pushed that stock market index to new heights, and at Friday's close of 1,863 it continues to hover...

Read Post

No Longer Leading: U.S. Lags Other Advanced Economies in Women's Employment

(0) Comments | Posted November 5, 2013 | 10:23 AM

Most Americans think of the U.S. as a leader among industrialized nations in providing economic opportunities for women. But this perception is based on the great progress women made in the 1970s and 1980s. Progress slowed in the 1990s, and stalled completely in recent years. As other wealthy nations implemented...

Read Post

Mother's Day Is Different This Year

(2) Comments | Posted May 7, 2013 | 12:42 PM

It isn't your mother's Mother's Day any more. There's a new and lively conversation underway about what it takes to maximize mothers' contributions, both to the economy and to their families. Policies that make it possible to be a good mother and a responsible employee are firmly on the nation's...

Read Post

Working Families Flexibility Act: Not Good for Working Parents and Bad for the Economy

(23) Comments | Posted April 16, 2013 | 4:28 PM

Last Thursday House Republicans introduced the misleadingly titled "Working Families Flexibility Act of 2013." Touted by Republicans as a new comp time initiative that will give hourly-paid workers the flexibility to meet family responsibilities, it is neither new nor about giving these workers much needed time off to care for...

Read Post

Shameless CEO Campaign Sends Debt-Laden Caesar's CEO to Lecture the 99 Percent on Fixing Debt

(3) Comments | Posted November 26, 2012 | 8:36 AM

If there is one thing the recent presidential election made clear, it is that the 1 percent have no shame. So it's no surprise that CEOs are drumming up "fiscal cliff" hysteria to protect their wealth. Their campaign to "Fix the Debt" wants to retain the Bush-era tax cuts for...

Read Post

No Happy Ending for Friendly's

(14) Comments | Posted November 21, 2011 | 10:35 AM

Three years after being taken private by an affiliate of private equity firm Sun Capital Partners, Friendly's -- the family restaurant and ice cream chain known for its Happy Ending sundaes -- filed for Chapter 11 bankruptcy protection. According to the filing, Friendly's proposes to use the bankruptcy to jettison...

Read Post