Seven junior Blackstone execs score charity check from top brass - Business Insider

Stephen Schwarzman, CEO of The Blackstone Group, shares some words at an internal firm contest where associates pitched dealmakers on charitable donations.Business Insider sat in on an internal competition at The Blackstone Group this week where associates, product managers, and other staff pitched senior dealmakers on charitable donations.

Seated up front were two rows of about 20 judges, including Joan Solotar, head of Blackstone's private wealth solutions business; David Blitzer, head of its tactical opportunities unit; and Sean Klimczak, head of its infrastructure group. "Almost 70 percent of young people in the U.S. today who go to jail are likely to return," he said, directing judges to the papers in front of them. "At the same time, it's an incredible cost to the taxpayer. It costs over $300,000 a year to keep someone in Rikers prison."His pitch was met with some measured scrutiny, with general questions about the program and the people it helps, but also about granular details of the organization's financial needs.

Getting Out & Staying Out — or GOSO — partners with 100 local businesses to offer paid, 12-week internships. Goldberg's overall ask was that Blackstone fund 25 internships. "First, its food service program," she said, "through which it will give or serve one million meals annually, to 30,000 people including 9,000 children."

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet the exec behind a new Blackstone unit for fast-growing companies - Business InsiderJon Korngold is the face of Blackstone's big push into backing fast-growing companies like Bumble. We talked to a dozen insiders to learn what made him a must-have hire.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Digital Banking Ecosystem from Business Insider - Business Insider[NEW REPORT] The Digital Banking Ecosystem: BIIntelligence explores the incumbent banking landscape and the key players banks are calling on to help their transition to digital
Source: BusinessInsider - 🏆 729. / 51 Read more »

Citi claims customer satisfaction accolade - Business Insider - Business InsiderCitibank has been rated the No. 1 bank for customer satisfaction – beating high-profile rivals like Chase, Bank of America, and Wells Fargo.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Citi debuted its digital high-yield checking account - Business InsiderCitibank is launching a new digital high-yield checking account, dubbed 'Citi Elevate Checking,' available to US customers outside its branch network.
Source: BusinessInsider - 🏆 729. / 51 Read more »