#bcpartners — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #bcpartners, aggregated by home.social.
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CW: Long thread/11
The company uses #TRAPs ("TrainingRepaymentAgreementProvision") clauses to recreate indentured servitude, forcing workers to pay thousands of dollars to quit their jobs:
https://pluralistic.net/2022/08/04/its-a-trap/#a-little-on-the-nose
Why would a Petsmart employee want to quit? Petsmart's PE owner is #BCPartners, and under BC's management, workers have been forced to work impossible hours while overseeing cruel animal abuse.
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CW: Long thread/18
The first of these books is *These Are the Plunderers: How Private Equity Runs—and Wrecks—America* by Gretchen Morgenson and Joshua Rosner:
https://www.simonandschuster.com/books/These-Are-the-Plunderers/Gretchen-Morgenson/9781982191283
The second is *Plunder: Private Equity’s Plan to Pillage America*, by Brendan Ballou:
https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/
Both books describe the bust out from the inside. For example, #PetSmart - looted for $30 billion by #RaymondSvider and his PE fund #BCPartners - is a slaughterhouse for animals.
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