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.

  • ToadOfHypnosis@lemmy.world
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    4 days ago

    Fuck her. She kills people everyday. REITs cause home scarcity and rent increases that drive homelessness and poverty.

  • Commiunism@lemmy.dbzer0.com
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    5 days ago

    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

    • fodor@lemmy.zip
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      5 days ago

      I don’t think that decent part of the public you talk about, I don’t think they actually exist. I think it’s like the mythical centrist voters who are waiting for the perfect centrist candidate, that don’t quite exist.

      Many people have made the argument that you made, that violence doesn’t solve problems, and that’s true as long as we ignore all of human history.

      • Commiunism@lemmy.dbzer0.com
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        5 days 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.

  • JakenVeina@midwest.social
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    5 days ago

    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.

    • HasturInYellow@lemmy.world
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      4 days 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.

    • glitch1985@lemmy.world
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      5 days ago

      They make outdoor griddles right? My neighbor makes some mean fried rice on his, egg spinning and all.

    • Taldan@lemmy.world
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      5 days ago

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

      • SippyCup@feddit.nl
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        4 days 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"

        • buddascrayon@lemmy.world
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          4 days 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.

      • boonhet@sopuli.xyz
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        5 days ago

        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.

        • Øπ3ŕ@lemmy.dbzer0.com
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          5 days ago

          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? 🤷🏽‍♂️

          • boonhet@sopuli.xyz
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            5 days ago

            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.

              • boonhet@sopuli.xyz
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                4 days 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.

        • outhouseperilous@lemmy.dbzer0.com
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          5 days ago

          But also, from the article:

          Wesley LePatner, a Blackstone executive who served as CEO of the firm’s real estate income trust, was among four people killed

  • gravitas_deficiency@sh.itjust.works
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    5 days ago

    Blackrock is a fucking MASSIVE corporate residential landlord.

    They are not a good company. They are an evil company, for that fact alone.

    send more blue shells

    • Øπ3ŕ@lemmy.dbzer0.com
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      5 days ago

      Too bad NATO troops are the mall cops of the modern military complex, or the blue shell rebellion thing could really have some wings. 🤌🏼

      • KumaSudosa@feddit.dk
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        5 days ago

        Well, isn’t there a difference between a ‘company’ and a ‘corporation’, at least in how the words are perceived (corporations being those multinational giants built on exploitation)? I feel like there are plenty of good small and medium sized companies - like the one I work for is medium sized and mainly promotes and researches green technologies (to keep it vague…). Corporations always seem to have plenty of skeletons in the closet.

        • boonhet@sopuli.xyz
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          5 days ago

          It’s just how the legal entity is filed. You can have a one man corporation too, but it’s going to be annoying because of all the extra reporting requirements compared to an LLC. They are meant for larger companies after all.

          • KumaSudosa@feddit.dk
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            5 days ago

            Yea, I thought so. That’s why I added “how the word is perceived”; when I hear the word “corporation” my first connotation is “evil”, but for the word “company” it can be literally anything

      • AlteredEgo@lemmy.ml
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        5 days ago

        Presumably that’s a question of the founders, the rules and laws of the system, the state of the market and technology. For example if profit can be improved mostly by marketing, this will lead to marketing people be promoted and run the corporation. If it’s a publicly traded company it’s likely to become more like an artificial intelligence hellbent on profit (or a demonic entity incorporated into a swarm of drones).

        What are the factors that make corporations like good or bad for society should be long studied and taught in high school and everybody should know them - if you’d wanted capitalism to work as advertised. It should be a major focus of our society.

      • absentbird@lemmy.world
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        5 days ago

        There are some that are a heck of a lot better. Oxfam, Ben & Jerries, maybe Valve; but it does seem that on a large enough timeline all of them turn to the dark side.

    • seejur@lemmy.world
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      5 days ago

      Don’t worry, they’ll just do that. For executives position only. You plebs can still rot in traffic