Wesley LePatner, a Blackstone executive who served as CEO of the firm’s real estate income trust, was among four people killed Monday when a gunman opened fire in a Midtown Manhattan office building that houses Blackstone’s global headquarters.
Wesley LePatner, a Blackstone executive who served as CEO of the firm’s real estate income trust, was among four people killed Monday when a gunman opened fire in a Midtown Manhattan office building that houses Blackstone’s global headquarters.
To be fair, your fun fact undermines the point you’re trying to make. “Former subsidiary” of a conglomerate so vast and pervasive in its reach, it’s above every law across the globe, and think some paper declaring their separation is legit, much less binding? C’mon, man. Ferreal? 🤷🏽♂️
To be fair, this was all over 30 years ago. Blackstone doesn’t make it into the top 10 of the owners list of BlackRock these days. Started with 50% stake owned by Blackstone, then reduced a bit later, and in 1994, they had a falling out, and Blackstone sold its remaining stake, which the CEO obviously regretted later on, given that BlackRock is now bigger than Blackstone.
Fun fact, what they fell out over, was the fact that BlackRock CEO Larry Fink wanted to give new hires some equity in order to poach top talent and Blackstone CEO Stephen Schwarzman didn’t want to give up any more equity.
Blackstone CEO Schwarzman is now a big Trump supporter and even an advisor, at least during his first presidency. BlackRock CEO Fink is criticized for wokeness by right-wing politicians, because he wants his company’s investments to be sustainable.
Both are ridiculously large corporations that shouldn’t be allowed to exist, both have investments in shady companies. But you tell me which is worse.
BlackRock gets more media attention purely because it’s bigger. Blackstone’s business strategies are more sinister.
Fair points all. They’re still the same parasite, it just budded.
If by “the same parasite” you mean capitalism, then yes, absolutely. Otherwise, nah, they’re pretty different. Different owners, different investment classes, etc. The one that gets less attention is far more actively evil than the one that all the conspiracy theories are about.