October 17, 2018

CNN Business: Elizabeth Warren wants Toys 'R' Us owners to take care of its 30,000 laid off workers

Senator Elizabeth Warren is urging the companies responsible for the demise of Toys "R" Us to take care of its former employees.
Warren, who has said she's considering a run for president in 2020, wrote to five investment firms that had advocated for a liquidation of Toys "R" Us assets and asked them to consider supporting a severance fund.
Two of the company's owners, Bain Capital and KKR, have discussed setting up such a fund, according to sources familiar with the discussions. The company's third owner, Vornado Reality Trust, also received a letter from Warren about the issue.
Read the full story on CNN Business' website here.

By:  Chris Isidore
Source: CNN Business