'It's a serious problem when superrich private equity executives who invest billions in harmful fossil fuels can greenwash their reputations through acquiring coveted board seats at prestigious universities and cultural institutions.'
Dubbed"Wall Street's top political donor," Schwarzman"is a top ally, donor, and fundraiser" for former President Donald Trump, the analysis says, pointing out that the Blackstone executive reportedly"even defended Trump's election denialism at a CEO meeting shortly after the 2020 election."
"This helps these Wall Street billionaires hide the fact that they're among the world's biggest oil and gas barons," Seidman said. In addition to holding positions at various other institutions, KKR co-founder and co-chairman Kravis is a"director of the Palm Beach Civic Association alongside other hedge fund billionaires, and the city's main performing arts center bears the Kravis family name," the report says."He owns a beachside mansion alongside a slew of other Wall Street billionaires like Stephen Schwarzman , Carl Icahn , Ken Griffin , and Nelson Peltz .
Along with pouring money into activities that heat the planet,"Kravis and KKR have no qualms about pillaging companies or investing in unethical products in order to turn a profit," the analysis adds, noting that"the firm helped oversee the notorious raid of Toys 'R' Us that devastated the company's workers."
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's Crown Resorts backs $6.3 billion Blackstone bidCrown Resorts backed a $6.3 billion buyout from private equity giant Blackstone on Monday, giving billionaire James Packer an exit route from the Australian casino firm beset by scandals and regulatory setbacks.
Read more »
Clesson Co. Ltd: The Operating Company of LABEL Foundation Receives $2 Million Equity Funding From Groom Investments and eBEST Investments & Securities – Press release Bitcoin NewsClesson Co. Ltd: The Operating Company of LABEL Foundation Receives $2 Million Equity Funding From Groom Investments and eBEST Investments & Securities
Read more »
How a Small Alabama Company Fueled Private Equity’s Push Into HospitalsA buying binge made Medical Properties Trust one of the biggest owners of U.S. hospitals. But its largest tenant piled up $800 million in losses.
Read more »
Look inside the hidden world of Earth’s most beautiful cavesThey’re sculptures, destinations, and laboratories for microbiologists and climate scientists. They're not the dark, dirty holes you grew up fearing.
Read more »