Blackstone
OVERALL |
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Owned |
USA |
Rating |
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Private equity firm
One of the largest private equity firms in the world.
Blackstone Group LP | USA | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Blackstone Group LP | ||||
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2021) |
This company appeared on Global Exchange's list of "10 Top Corporate Criminals of 2017" for being one of the largest multi-national private equity, investment and financial services corporations in the world and leveraging ties to Trump to gain business advantage, from tax loopholes to securing contacts in Saudi Arabia.
Source: Global Exchange (2017)
In 2022 the median pay for a worker at this company was US$237,000. The CEO was paid 1,068 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2023)
This company owns a number of gambling related assets from Las Vegas to Spain.
Source: news article (2021)
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #282/400, with a total score of 4.7/100.
Source: World Benchmarking Alliance (2022)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2023 rankings JUST Capital asked a representative sample of 3,002 Americans to compare 20 different business Issues on a head-to-head basis, producing a reliable hierarchy of Issues ranked in order of priority. Issues are organised under the headings Workers, Customers, Communities, the Environment, or Shareholders & Governance. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked in the Bottom 10% of 951 companies, and 34th of 34 Capital Markets companies.
Source: JUST Capital (2023)
On 29 August 2013, this company agreed to pay US$85m to settle an investor class action lawsuit accusing it of not disclosing bad investments before its US$4.7b initial public offering in 2007.
Source: Reuters (2013)
In 2014, this company, together with other private equity firms KKR and TPG, agreed to pay US$325m to settle a lawsuit that accused seven private equity groups of conspiring to fix the prices of some of the world's biggest leveraged buyouts.
Source: Financial Times (2014)
On 7 October 2015, the U.S. Securities & Exchange Commission announced that three private equity fund advisers within this company agreed to pay nearly US$39m to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees.
Source: US SEC (2015)
This company is on OpenSecrets.org's list of "Top Donors", a list of the 100 biggest givers in US federal-level politics since 1990. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 21 on the list, with contributions totalling $82,304,331 between 1990 and 2020.
Source: Open Secrets (2020)
This company received an S&P Global ESG Score of 32/100 in the Diversified Financial Services and Capital Markets category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 16 Dec 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022) |
This company received a score of 0/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
Founded in 2007, this Foundation is directing its resources and applying the intellectual capital of the firm to foster entrepreneurship globally.
Source: company website (2017)
This company has Corporate Social Responsibility claims on its website in the areas of investing in sustainability, investing responsibly and fostering growth.
Source: company website (2017)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020) |
Company Details
Type | Public company |
Founded | 1985 |
Revenue | 22.5 billion USD (2021) |
Subsidiaries | Leica Camera AG (45% owned) ![]() Cameras and sports optics One of four independent companies licensed to share the Leica brand, which is owned by Leica Microsystems AG. Available in Australia through dealers. Crown Resorts Ltd ![]() Gaming and entertainment Operates three resort and casino properties in Melbourne, Perth and Sydney. Acquired by US investment firm Blackstone in 2022. |
Contact Details
Address | New York, New York, USA |
Website | www.blackstone.com |