BlackStone maybe one of the worlds largest private equity companies, it may own companies such as Hilton and make billions of dollars in profit, but it appears its far too busy to get around to funding it own foundation.
Blackstone owns lots of companies, including the Hilton group. Its not unusual for a holding company not to engage in CSR activity. Whats important is that the companies that it owns, do.
Whats the problem everyone has with PE? They exist to make money, so what. Lets face it, do you think that companies do CSR for the sake of it? No, they do it because it makes us think they are warm and fuzzy, not evil.
Every year Corporations donate, either directly, or via projects millions of dollars to worthy causes around the world. This blog is intended to discuss these projects and news concerning corporate responsibility.
6 comments:
They are a PE, what did you expect?
Blackstone owns lots of companies, including the Hilton group. Its not unusual for a holding company not to engage in CSR activity. Whats important is that the companies that it owns, do.
Blackstone havent given any reasons why the delay has happened. Makes you wonder if they are short on cash ;-)
When did they buy hiltoN?
Last year sometime.
Whats the problem everyone has with PE? They exist to make money, so what. Lets face it, do you think that companies do CSR for the sake of it? No, they do it because it makes us think they are warm and fuzzy, not evil.
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