Wesley LePatner, a Blackstone executive who served as CEO of the firm's real estate income trust, was among four people killed Monday when a gunman opened fire in a Midtown Manhattan office building that houses Blackstone's global headquarters.

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[–] [M] 1 point 1 year ago

Locking post, as instance rules constantly being violated.

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  • [–] 308 points 1 year ago* (24 children)

    I'll go ahead and be the bad taste in everyone's mouth:

    Good fucking riddance. Blackstone is an explicitly evil company, and everyone working for them should be ashamed. It is not possible to be an executive at Blackstone and also be a good person, they are diametrically opposed ideals.

    If I believed the US justice system gave a single fuck about the evils that the rich committed, I would be more aghast by this... but I don't, and I'm not.

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  • [–] 51 points 1 year ago (1 child)

    I'm wondering if they're purposely reporting this differently than they did the United Health Care CEO because they didn't like how that went

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  • [–] 20 points 1 year ago

    I think so. They keep saying the gunman meant to go to the NFL offices in the same building. With the source being "trust me bro". Like they've released nothing.

    I think the truth is this is a copycat killer going after the corporate elite and they want to hide that.

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  • [–] 114 points 1 year ago (7 children)

    Lots thinking the same. It takes courage to say it.

    There’s the unwritten rule you don’t speak ill of the dead. It’s weird, you can call them an a$$whole all you like when the are alive, as soon as they die then it’s bad taste. Death does not absolve them. They were horrid and peddled misery to others. We need to be voicing this more.

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  • [–] 31 points 1 year ago (5 children)

    The threads about Hulk Hogan dying were interesting. Lots of love for Ozzy in there.

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  • [–] 48 points 1 year ago (4 children)

    Ozzy wrote songs about how powerful people send poor people to die in nonsensical wars.

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  • [–] 1 point 1 year ago (2 children)

    And then he and his wife spoke in favor of (denial of) Israels genocide in Gaza. He can rest in piss as well.

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  • [–] 7 points 1 year ago (1 child)

    Mostly Ozzy's wife to be fair; in the years leading up to his death his brain really hasn't functioned properly (literally) and he just said that he doesn't understand why there's anti-semitism, no?

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  • [+] 1 point 1 year ago* (1 child)
  • [–] 1 point 1 year ago

    Definitely find it reasonable to use it as a political and personal litmus test; I generally do the same. Perhaps Ozzy was more of a genuine Zionist than I expected - I am too young to care about him and Black Sabbath too much - but he just appeared to me like a drugged up old lad who had no clue what was going on around him. I saw him at Copenhell some years back and I'm convinced that he had no idea who or where he was, so I guess I just mostly view him like that

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  • [–] 29 points 1 year ago (7 children)

    In the mid-aughts, I had an opportunity to do IT in Iraq for one of these mercenary outfits. It was good, tax-free money, but I declined because I didn't want to work for evil. Every person who works there had to make the same choice and chose to work for evil. Have no sympathy for anyone who works for these fucks.

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  • [+] 32 points 1 year ago (6 children)
  • Do you think the death star would have officers families on it or something. Maybe not. What about conscripts? And how do we classify clones, they didn't really make a choice. Though at the end of the day, it was a planet killer. Anyone decent there was really just a human shield. I would call it a sad but decent trade.

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  • [–] 1 point 1 year ago

    You should take any job involving Target and then do a job that looks good but breaks easily.. then once that happens you go fix it again and you can donate some of it to a charity! See it as a way of wealth redistriburion

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  • [–] 2 points 1 year ago

    I would probably take the work at target, overcharge them and donate the overcharged portion to black community non-profits. Assuming you're the one to be able to make such calls, but they probably would go with someone else anyways if you quoted the overcharged rate.

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  • [–] 56 points 1 year ago* (4 children)

    Ya I have zero sympathy for elite members of society whose only way to the top is by taking from the countries poorest. Fuck em.

    In surprised it’s taken this long for someone to take action against Blackstone.

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  • [–] 27 points 1 year ago (3 children)

    Oh it was accidental. Somebody just let loose in a manhattan office and managed to hit a few parasites, go figure. They really meant to attack the nfl for suppressing research into the effects of head trauma on football players

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  • [–] 6 points 1 year ago

    I first learned of this shooting via chat, and was lacking some context. I also didn’t know Blackstone INC was a thing.

    I got so confused about why someone would target the CEO of a griddle company.

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  • [–] 115 points 1 year ago (7 children)

    If this guy's name is Mario I'm going to lose it.

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  • [–] 39 points 1 year ago (3 children)

    God I hope his name is Mario! Then I'll know we are being fucked with, and we're in a simulation...

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  • [–] 55 points 1 year ago* (10 children)

    Three different articles I've seen about this and not ONE of them even ATTEMPTS to explain what Blackstone is.

    Yes, I could, and did, google it, but it's infuriating, on principle. It's a bsic reading comprehension concept: don't assume your reader knows outside context, when your audience is essentially random.

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  • [–] 18 points 1 year ago

    That's because everyone hates hedge funds when you describe what they do. If you just say a "real estate investment group" a lot of people will still get it, so they say nothing in the hopes that your eyes glaze over and you don't think any more about it.

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  • [+] -41 points 1 year ago* (6 children)

    Blackstone is an absolutely massive, global company. Would you expect an article to also describe what Netflix is any time they talk about them?

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  • [–] 33 points 1 year ago (1 child)

    To an extent, yes. "Video streaming giant Netflix" would suffice.

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  • [–] 10 points 1 year ago

    The obfuscation is on purpose. The media (which, I must remind you, is all completely owned by the billionaire class) is afraid that in telling you who and what Blackstone is, there will be cheering for the death of this person instead of remorse. This is due to the whiplash they experienced in reporting on the death of that healthcare CEO back in December.

    Expect more of the same kind of reporting going forward if/when a capitalist dies from misfortune.

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  • [–] 9 points 1 year ago

    Yes, that's literally taught in a high school level journalism class. Assume your reader has never heard of things before and give a quick, concise description of them. And then after giving the facts, if it's super relevant to the story, give a detailed description of them.

    For example. "Video streaming giant Netflix announced today that it's going to be raising prices again. Subscribers can expect to see the new prices starting this fall. Base level subscribers yada yada yada...

    Netflix rose to prominence with mail order DVDs, competing with rising prices and return fees from Blockbuster video, a brick and mortar video rental service. Netflix pioneered the streaming model yada yada yada"

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  • [–] 111 points 1 year ago* (2 children)

    Didn't the CEO's hold "lone gunman" drills? Did they practice hiding under their desks? Were they children? No? Because that's what children have to go through every single day. This is just one day that the gunman went to a business, not a school.

    I'd rather have gunmen shooting up slumlord CEOs than schools any day. Maybe if they kill enough CEOs, we can get some gun control laws that might save children. At schools. Because the CEOs that control the government sure don't give a single fuck about children being shot at school - and they never, ever will.

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  • [–] 14 points 1 year ago* (last edited 1 year ago)

    I'm glad our "mental health problem" is finally at least putting the crosshairs in the direction of people that actually hurt others.

    I really hope this is the new Meta. Anything to protect our schools.

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  • [–] 53 points 1 year ago (1 child)

    Best news I've heard all day.

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  • [–] 50 points 1 year ago* (1 child)

    I love it when some shooting or tragedy happens, if it's workers then all they get is one line at best and their lives get abbreviated to a statistic, but when some capitalist dies every news site writes about how great and authentic they were for a couple days.

    Though given how this shooting was an example of lone wolf adventurism, it's quite dumb to support it - the CEO will be replaced by an identical cog in the machine like always, a decent part of the public will get alienated thanks to anti-violence culture and media narratives (as seen in articles like there) and the shooter just threw away their life.

    Though I won't lie that it doesn't make the day a bit better to see capitalist get gunned down

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  • [+] 14 points 1 year ago (1 child)
  • [–] 6 points 1 year ago* (last edited 1 year ago)

    There are a ton of people like that, but they're mostly found on real life, facebook and other similar social medias and not lemmy or reddit or twitter - those are terminally online echochambers, but I've seen one or two people going "thoughts and prayers" or "all violence bad".

    Also, my position is more complex than "violence can't solve problems" - it can, but it must be organized, with clear goals in mind and people already behind and actively part of the cause.

    If you just go in lone wolf style like Luigi or something and gun down a CEO, you expect for the public to see this, get inspired to take up arms of their own and start Years of Lead where rich people are fearing for their lives and suddenly we have a revolution like in some sort of Hollywood movie, but that's not what happens in reality.

    Instead, media tries to demonize the shooter by saying how good the victim was and how their family is grieving (happening right now) to tug on heart strings which will at least turn some people against them, the shooter being made example of in court which essentially throws their life in the bin, the CEO being replaced by someone else in a week's time and people forgetting about all of this after news cycle moves on. I genuinely only see Luigi mentioned on lemmy here given how he's the liberal larp darling here, and nowhere else I visit or IRL.

    Also, if we're talking history here, then here's a fun factoid - some Anarchist burnt down Reichstag in opposition to Hitler and his Nazi party, but this fire was later used by Hitler to expand his powers, suppress civil liberties and was pivotal in establishment of Nazi Germany. Of course, this is only something to think about with more brutal regimes, but nothing like that will probably come out of this shooting.

    A good example of organized violence is probably that of the Bolsheviks pre-Russian revolutions - they had bank robberies, political assassinations that were used to fund the revolutionary underground and destabilize the regime, and not merely some bouts of individualized violence.

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    [–] 42 points 1 year ago

    Phew! I was worried it might have been an innocent victim.

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  • [–] 38 points 1 year ago (3 children)

    Well, at least someone terrible was among those lost. I’ll take the silver-lining where I can get it. Rot in hell, corporate robber baron.

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  • [–] 35 points 1 year ago (2 children)

    Last week, the Department of Justice announced it had filed an amended complaint to its antitrust lawsuit against RealPage in order to sue six of the largest U.S. landlords for their alleged participation in a nationwide rental price-fixing scheme. According to the complaint, the six landlords allegedly coordinated their rents with each other through use of RealPage’s pricing algorithms and direct communication with competitors about rents and occupancy, among other tactics. Of those six landlords, three are owned by private equity firms: Blackstone, Greystar Real Estate Partners, and Cortland Management.

    Blackstone, the nation’s largest landlord, with around 350,000 rental units, has faced years of scrutiny from advocates for its poor treatment of tenants. In August, the Private Equity Stakeholder Project (PESP) and the Alliance of Californians for Community Empowerment (ACCE) published a report examining how Blackstone has profited from rent hikes and ramped up evictions in California. In 2021, Blackstone acquired 5,800 rental units in the San Diego area. Since then, the report showed, Blackstone has increased the rent at these properties 38% — almost double the 20% average rent increase for all apartments in the San Diego market during this period. The rent increase at some Blackstone-owned buildings was especially high – up to 79%. The report also noted how Blackstone touted to investors multiple times how the firm’s real estate investments benefit from declining new supply of housing, a key driver of the affordable housing crisis.

    “As more and more Americans struggle with the cost of putting a roof over their heads, corporate landlords were allegedly colluding to raise rents ever higher,” said Jordan Ash, Director of Housing at PESP. “Everyday Americans can’t keep up with the cost of rent. Homelessness is skyrocketing. Folks are choosing between medicine and a place to live. We applaud the Department of Justice for taking decisive action to hold profiteers like Blackstone accountable.”

    https://pestakeholder.org/news/pesp-statement-on-department-of-justice-action-against-private-equity-landlord-blackstone-for-alleged-rental-price-fixing-scheme/

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  • [–] 35 points 1 year ago

    And she was CEO of that.

    I will bet you a dollar that she would speak at charity dinners talking about how her company creates safe living spaces for low income women or some shit. She would say anything to spin the fact that she made the world a worse place for hundreds of thousands of people.

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  • [–] 33 points 1 year ago (13 children)

    BlackRock and BlackStone are two separate companies people.

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  • [–] 9 points 1 year ago (11 children)

    Weyland yutani, omni consumer products, and viridian dynamics: also different companies. Explain the difference.

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  • [–] 10 points 1 year ago (4 children)

    Invest in BlackRock, your money is used to buy up stocks and bonds. In fact, buy shares in an iShares ETF and you're part of the famous BlackRock cabal.

    BlackRock has been controversial for many legitimate reasons as well, but in recent years the biggest one has been ESG efforts ("environmental, social and corporate governance"), due to which they're now referred to as.... woke??? Several states stopped doing business with them because of their advocacy against fossil fuels. Florida pulled 2 billion invested with them because of ESG. Also, apparently they're all Jews and caused COVID.

    The legitimate reasons for which they're controversial include the fact that their funds own large shares in literally everything. See healthy competition among publicly traded companies in the US by some miracle? BlackRock still owns a large percent of all of them. Or rather, BlackRock funds do. Again, these are mainly ETFs (exchange-traded funds), anyone can buy into them and own a piece of those pies. BlackRock owns things fairly passively.

    Blackstone is different. They also have diverse investments from insurance to entertainment where they usually invest directly in companies, but they're controversial for their real estate investments. They own tens of thousands of single family homes and apartments in the US and during COVID made news for buying SFHs above market value so they could buy up entire neighborhoods to ensure people couldn't buy homes in those neighborhoods and would have to rent from them. They have a bunch of commercial real estate too, but that's not as controversial, since it's not actively removing homes from the market. If you travel at all, you're essentially guaranteed to have stayed at some Blackstone owned hotel at one point or another.

    Ah and extra fun fact: While BlackRock is the bigger company these days, it's actually a former subsidiary of Blackstone.

    TL;DR: BlackRock owns a bit of everything, or rather profits from everything from holdings that their customers own through their funds. Blackstone actively buys up shit you need to live.

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  • [–] 2 points 1 year ago (3 children)

    To be fair, your fun fact undermines the point you're trying to make. "Former subsidiary" of a conglomerate so vast and pervasive in its reach, it's above every law across the globe, and think some paper declaring their separation is legit, much less binding? C'mon, man. Ferreal? 🤷🏽‍♂️

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  • [–] 5 points 1 year ago (2 children)

    To be fair, this was all over 30 years ago. Blackstone doesn't make it into the top 10 of the owners list of BlackRock these days. Started with 50% stake owned by Blackstone, then reduced a bit later, and in 1994, they had a falling out, and Blackstone sold its remaining stake, which the CEO obviously regretted later on, given that BlackRock is now bigger than Blackstone.

    Fun fact, what they fell out over, was the fact that BlackRock CEO Larry Fink wanted to give new hires some equity in order to poach top talent and Blackstone CEO Stephen Schwarzman didn't want to give up any more equity.

    Blackstone CEO Schwarzman is now a big Trump supporter and even an advisor, at least during his first presidency. BlackRock CEO Fink is criticized for wokeness by right-wing politicians, because he wants his company's investments to be sustainable.

    Both are ridiculously large corporations that shouldn't be allowed to exist, both have investments in shady companies. But you tell me which is worse.

    BlackRock gets more media attention purely because it's bigger. Blackstone's business strategies are more sinister.

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  • [–] 2 points 1 year ago (1 child)

    Fair points all. They're still the same parasite, it just budded.

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  • [–] 2 points 1 year ago

    If by "the same parasite" you mean capitalism, then yes, absolutely. Otherwise, nah, they're pretty different. Different owners, different investment classes, etc. The one that gets less attention is far more actively evil than the one that all the conspiracy theories are about.

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  • [–] 33 points 1 year ago

    And nothing of value was lost.

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  • [–] 32 points 1 year ago (1 child)

    If that exec fought harder for Work From Home maybe his work-life balance would still be in decent order

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  • [–] 84 points 1 year ago* (last edited 1 year ago) (5 children)

    The whole "wait 20 years and shoot up the NFL because of highschool football" never fucking smelt right...

    Even if this story is true, everyone needs to read up on Blackstone. If you're an American and have any sort of pension or retirement fund, Blackstone likely has a piece of it.

    Like, you think a random guy with a billion or two is a problem?

    Blackstone is trillion dollar fund, a billion dollars isn't enough to be a rounding error in their total investment.

    Edit:

    Edit was wrong

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  • [–] 14 points 1 year ago (1 child)

    Not here to defend Blackstone, but it sounds like you are talking about Blackrock. Blackstone owns commercial real estate portfolio companies. Blackrock is the 11 trillion owns the world alongside vanguard one. Easy to mix them up.

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  • [–] 7 points 1 year ago (2 children)

    If you’re an American and have any sort of pension or retirement fund, Blackstone likely has a piece of it.

    Oh thank god, I'm safe.

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  • [–] 8 points 1 year ago* (1 child)

    Nah, not really.

    It's everyone here, if you're an American either they have your money or you owe them money.

    But chances are, you're still tied up with them somehow

    https://www.fool.com/investing/how-to-invest/stocks/what-does-blackrock-own/

    Also, apparently my estimate was behind, in 2024 they were over 11 trillion.

    They buy up billion dollar corporations as speculative investing. In the cyberpunk future, Blackstone will be one of the last one standing.

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  • [–] 4 points 1 year ago

    Yeah I was just being cheeky. I have an account at a US credit union, they probably use my money in investments that touch BlackRock. I work for a US company and the health insurance I receive through them probably comingles with BlackRock assets at some point. I rent in a nice neighborhood, BlackRock's involvement in rental price fixing has likely affected me monetarily in an indirect fashion.

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