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SEIU Private Equity Project Presented by: Benenson Strategy Group August 31, 2007
Methodology ,[object Object],[object Object],[object Object],[object Object]
Key Findings: Economic Outlook and Income Inequality ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Key Findings: Private Equity ,[object Object],[object Object],[object Object]
Key Findings: Private Equity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Key Findings: Private Equity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The National Economy
Americans are Overwhelmingly Pessimistic About the Direction of the Country and Economy Only Republicans give positive marks to the economy Q6: In general, would you say things in this country are going in the right direction, or have they gotten off on the wrong track? Q8: How would you rate the state of our country’s economy today? Would you say that it is excellent, good, fair or poor? Direction of Country State of Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Gallup July 8: 36% Aug 16: 33% Gallup July 8: 63% Aug 16: 66%
Most Americans See the Economy Struggling Only highest earners rate the economy as strong State of the Economy Q8: How would you rate the state of our country’s economy today? Would you say that it is excellent, good, fair or poor?
Income Inequality
Income Inequality: The Gap is Growing, and It’s a Problem The gap between wealthy people and other Americans is growing wider than ever before  There have always been people at the top, middle, and bottom/things are no different now than they have been in the past  Gap Between Wealthy People and Other Americans Is: Q11: Which do you agree with more? Q12: In your opinion, would you say that the gap between the wealthy and other Americans is a problem in our country? Serious Problem: 32%
Voters Very Concerned About Growing Imbalance Between CEOs, Wealthiest and Average Workers Concern About Income Inequality Specifics Q15-21: How much does this concern you? 7pt scale.
While Voters See Shared Responsibility for Fixing Income Gap, Government Should Lead the Way Responsibility for Dealing With Income Gap Q23: Who do you think should have the most responsibility for dealing with the growing gap between wealthy Americans and other Americans?
Private Equity
Initial Awareness of Private Equity is Low Favorability to Private Equity Q28, 29, 30, 33: Do you have a very favorable view of it/them, somewhat favorable, somewhat unfavorable, or very unfavorable view? (Corporate Takeover Specialists and Buyout Industry were split sampled)
Introduction to Private Equity Generates Very Negative First Impression ,[object Object],[object Object],[object Object],[object Object],Q36: Given this, would you say that private equity buyouts are good or bad for our nation’s economy?  Private Equity’s Effect on Economy
Voters Feel PE Has Responsibility to Workers: Don’t Leave Behind While CEOs Make Billions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],27% 65% Q38: Which of these statements comes closer to your view? Middle Class: 71%
Voters Reject Buyout Firms’ Arguments on Benefits to Worker Pensions PE Positive/Pensions : Because many of the investors in private equity funds are pension plans,  profits go to help working Americans . In the past 15 years, private equity firms have returned $430 billion to pension plans.  ,[object Object],[object Object],[object Object],[object Object],Q37: Which of these statements comes closer to your view?
Voters Concerned: Effects on Workers, Use of Tax Loopholes, Executive Profiteering Concern About Effects of Buyout Q41-51: How concerned are you about this effect of a private equity buyout?
Conflicts of Interests, Fees, Lack of Disclosure All Generate High Levels of Concern Concern About Effects of Buyout Q41-51: How concerned are you about this effect of a private equity buyout?
Voters Trust Government, Unions to Keep Buyouts from Harming the Economy Trust More to Ensure Buyouts Are Done in a Way that  Helps not Hurts Economy Q54,55: Who do you trust more to ensure that private equity buyouts are done in a way that helps and not hurts the economy? (split-sampled) ,[object Object],[object Object],[object Object],Government ,[object Object],[object Object],[object Object],Government Labor Unions
Very Strong Appetite for Reforms to Restore Balance, Protect Workers, Increase Disclosure Total Support Q65-74: Do you strongly support this proposal, somewhat support it, somewhat oppose it, or strongly oppose this proposal?
Proposals for Reform, Cont’d: Voters Show Very Strong Support for Wide Range of Reforms Total Support Q65-74: Do you strongly support this proposal, somewhat support it, somewhat oppose it, or strongly oppose this proposal?

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SEIU Survey

  • 1. SEIU Private Equity Project Presented by: Benenson Strategy Group August 31, 2007
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  • 9. Most Americans See the Economy Struggling Only highest earners rate the economy as strong State of the Economy Q8: How would you rate the state of our country’s economy today? Would you say that it is excellent, good, fair or poor?
  • 11. Income Inequality: The Gap is Growing, and It’s a Problem The gap between wealthy people and other Americans is growing wider than ever before There have always been people at the top, middle, and bottom/things are no different now than they have been in the past Gap Between Wealthy People and Other Americans Is: Q11: Which do you agree with more? Q12: In your opinion, would you say that the gap between the wealthy and other Americans is a problem in our country? Serious Problem: 32%
  • 12. Voters Very Concerned About Growing Imbalance Between CEOs, Wealthiest and Average Workers Concern About Income Inequality Specifics Q15-21: How much does this concern you? 7pt scale.
  • 13. While Voters See Shared Responsibility for Fixing Income Gap, Government Should Lead the Way Responsibility for Dealing With Income Gap Q23: Who do you think should have the most responsibility for dealing with the growing gap between wealthy Americans and other Americans?
  • 15. Initial Awareness of Private Equity is Low Favorability to Private Equity Q28, 29, 30, 33: Do you have a very favorable view of it/them, somewhat favorable, somewhat unfavorable, or very unfavorable view? (Corporate Takeover Specialists and Buyout Industry were split sampled)
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  • 19. Voters Concerned: Effects on Workers, Use of Tax Loopholes, Executive Profiteering Concern About Effects of Buyout Q41-51: How concerned are you about this effect of a private equity buyout?
  • 20. Conflicts of Interests, Fees, Lack of Disclosure All Generate High Levels of Concern Concern About Effects of Buyout Q41-51: How concerned are you about this effect of a private equity buyout?
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  • 22. Very Strong Appetite for Reforms to Restore Balance, Protect Workers, Increase Disclosure Total Support Q65-74: Do you strongly support this proposal, somewhat support it, somewhat oppose it, or strongly oppose this proposal?
  • 23. Proposals for Reform, Cont’d: Voters Show Very Strong Support for Wide Range of Reforms Total Support Q65-74: Do you strongly support this proposal, somewhat support it, somewhat oppose it, or strongly oppose this proposal?