Hotel workers’ union slams private equity firm for corporate jet use

Source: NY Post

By Josh Kosman

Attacks on private equity managers are reaching new heights — literally.

A hotel workers’ union that has been battling Leonard Green & Partners, the private equity owner of the Palms Casino Resort, is going after the firm’s managers for their liberal use of three corporate jets.

The union is firing off a letter to Leonard Green’s investors drawing attention to the numerous times managers took the company’s fleet to vacation hot spots ranging from Palm Beach, Fla., and the Bahamas to Hawaii and the Hamptons.

The letter breaks down the Los Angeles-based firm’s 1,898 flights over the last three years, including: 115 flights to McCall, Idaho, where one of the partners has a summer home; 74 to Westhampton; 18 to Aspen, Colo.; 14 to Cabo San Lucas, Mexico; 14 to Hawaii; 12 to the Bahamas; and 2 to Turks & Caicos.

FULL story at link.

Read more: http://nypost.com/2016/02/12/hotel-workers-union-slams-private-equity-firm-for-corporate-jet-use/