Tenants should campaign against Blackstone
I attended the press conference on March 5 announcing that the Stuyvesant Town-Peter Cooper Village Tenants Association had filed legal action in New York State Supreme Court to protect about 6,200 rent-stabilized units in the community from being illegally deregulated by The Blackstone Group.
The Blackstone Group, a global private equity firm, is a member of the Real Estate Board of New York (REBNY). Blackstone, which is primarily owned and run by five of the greediest predators on earth, want to turn Stuy Town into a cash cow by raising rents sky high. The company is led by Stephen Schwarzman, chairman, CEO and co-founder. His net worth is $18.5 billion and he owns 231,924,793 shares or 47% of the company’s stock valued on March 5th at approximately $58 per share. His pay from 2016-2018 was $242 million.
The other four top executives at Blackstone are President Jonathan Gray (2016-2018 pay: $309 million), Executive Vice Chairman Hamilton James (2016-2018 pay: $232 million), Chief Financial Officer Michael Chae (2016-2018 pay: $65 million) and Vice Chairman J. Tomilson Hill (2016-2018 pay: $60 million).
Unfair criticisms of Schwarzman
Re: “Pulling back the curtain on Blackstone,” letter, T&V, Aug. 15
I find the character assassination by letter writer “name withheld” of Stephen Schwarzman and President Trump offensive and all too common by Trump haters. The letter writer should at least have the courage to sign his name. It’s not as if Antifa will show up at his door and threaten his wife and children. Contrary to what “Name withheld” would have us believe, Trump never said there were good white supremacists. Trump said, “In one voice, our nation must condemn racism, bigotry and white supremacy.”
Regarding caging of children, there is no question the situation of people detained at our border is an unfortunate one, but before we believe people who bash Trump for political gain, we need to ask ourselves what are the alternatives. One is to send the illegal immigrants back home immediately, but that would require changing laws that the Democrats refuse to change.
Pulling back the curtain on Blackstone
I am simply sickened to learn that Stephen Schwarzman, the CEO of Blackstone, the company that bought Stuyvesant Town, is a large donor of Trump. This simply sickens me, yet there is nothing I can do about it, short of moving!
Tenants must understand that Schwarzman, by his donations, makes it possible to witness the philosophy of ugliness in having an incompetent person sit in the White House, and by association, share the same philosophy of caging children, targeting immigrants and others, and encouraging the chants of “lock her up” and “send her back.” It is the same philosophy of believing white supremacists have good people on both sides. The curtain has been pulled back allowing a clear look at who owns and runs this development.
Now, we know more today and must never forget who supports the man with the vile tongue.