Fired Toys “R” Us Inc. workers took their travails to Congress on Tuesday to press for changes in the way private equity deals are structured.
Potential U.S. presidential candidates Kirsten Gillibrand and Cory Booker, and staff of Minority Leader Chuck Schumer, were among those who met with former employees and workers’ rights groups on Tuesday. The ex-employees are asking for new leverage limits on private equity deals, along with a worker-protection tax and profit clawbacks that would fund payments in situations similar to the one now playing out with the demise of the private equity-owned U.S. toymaker.
