Elizabeth Warren goes to bat for Toys R Us workers [CBS News]
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Source: CBS News
Elizabeth Warren goes to bat for Toys R Us workers Tens of thousands workers laid off when Toys R Us went bust last year have a politically powerful new ally in their fight to win severance from the bankrupt retailer: Sen. Elizabeth Warren. The Massachusetts Democrat, who is rumored to be weighing a run for the White House in 2020, is pressing the financial firms behind the decision to liquidate Toys R Us to contribute to a fund for affected employees. She also wants the companies -- which include Angelo Gordon & Co., Franklin Mutual Advisors, Highland Capital, Oaktree Capital, Solus Alternative Asset Management and Vornado Realty Trust -- to explain why they pushed to liquidate the toy seller rather than reorganize under bankruptcy protection. "The liquidation of Toys R Us -- reportedly at the urging of your firm -- caused more than 30,000 American workers to lose their jobs without the severance they would otherwise receive," Warren wrote Tuesday in a letter to Steven Roth, CEO of
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