Blackstone to Bypass Scramble for Investment-Bank Talent in Bid to Diversify Hiring

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Blackstone Group is throwing out a key section of its recruiting playbook in a bid to improve its hiring process and increase diversity

Blackstone Group Inc., one of the most coveted employers on Wall Street, is throwing out a key section of its recruiting playbook in a bid to improve its hiring process and increase diversity.

The investing giant and its private-equity peers have long engaged in a yearly race to pluck junior investment bankers already trained in spreadsheet and PowerPoint wizardry from firms such as Goldman Sachs Group Inc. and Morgan Stanley. The prize for those lucky enough to make the jump: entry-level jobs that can pay as much as $300,000...

 

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Billionaire Bill Ackman Hires Minority-Owned Investment Banks To Co-Lead $4 Billion DealBillionaire Bill Ackman has hired mostly Black and minority-owned investment banks to handle what could be one of the biggest deals in 2020. The offering is aimed at setting a new bar of inclusiveness on Wall Street. Hii I have a surprise for me cuz today been special Check link below 👇🏻👇🏻🔥🔥🔥🔥 retweet!!! Using them once does not make him 'inclusive' Right now, he's just pandering. Let's see how many opportunities he gives moving forward, then this act will mean something. By minority which one exactly cause it sounds dubious to me
Source: Forbes - 🏆 394. / 53 Read more »