Blackstone Achieves Its Goal of 100,000 Veterans, Veteran Spouses and Caregivers Hired Across Portfolio Companies
11 Novembre 2021 - 02:30PM
Business Wire
Blackstone (NYSE: BX) is proud to announce that 100,000
veterans, veteran spouses and caregivers have been hired across its
portfolio companies through the Veterans Hiring Initiative since
2013. This achievement doubles the initial hiring commitment made
by Blackstone Chairman, CEO and Co-Founder Steve Schwarzman in 2013
in response to the national call to action issued by First Ladies
Michelle Obama and Dr. Jill Biden to support veterans and their
families.
At a 2013 White House event, Mr. Schwarzman heard then-First
Lady Michelle Obama speak about the serious challenges veterans
face as they transition to civilian life. Determined to tackle the
problem, he returned to Blackstone and pledged to leverage its
internal resources and work with portfolio companies to hire 50,000
veterans, veteran spouses and caregivers over the course of five
years.
By 2017, Blackstone portfolio companies hit that target one year
ahead of schedule, and the firm redoubled its efforts. Blackstone
committed to hiring another 50,000 portfolio-wide in five years.
This year, Blackstone portfolio companies achieved that goal,
hiring a total of 100,000 veterans, veteran spouses and caregivers
– only eight years from Mr. Schwarzman’s original pledge.
“We are honored by the opportunity to support American veterans
and their families,” said Steve Schwarzman, Chairman, CEO and
Co-Founder of Blackstone. “These individuals offer their
talent, commitment and leadership to our country – and yet far too
often, their remarkable abilities remain untapped by the private
sector. The White House called on businesses to hire from this
unique talent pool, and we couldn’t be prouder of how Blackstone
portfolio companies stepped up and answered that call.”
“Veterans and their spouses crave meaningful work that makes a
difference, and Blackstone offers exactly these kinds of
opportunities,” added General (ret.) David L. Goldfein, 21st
Chief of Staff of the United States Air Force and Senior Advisor at
Blackstone. “This milestone exemplifies how effective
partnership between the public and private sectors can powerfully
respond and make a lasting positive impact on both veterans and
Blackstone portfolio companies.”
“For nearly a decade, Blackstone’s companies have led by
example, giving veterans and military spouses the training and
skillsets to help them find long-term, meaningful careers,” said
Eric Eversole, President of Hiring Our Heroes. “Their
commitment and passion have made a meaningful difference in the
lives of countless military families and we are honored to work
with them.”
We thank Michael McDermott for his dedication to making this
program a success as the Veterans Hiring Initiative is brought into
the framework of Career Pathways, which aims to provide economic
opportunities and career mobility for diverse and historically
underrepresented talent pools across Blackstone portfolio
companies. Blackstone has also partnered with FourBlock and the
Commit Foundation – two nonprofits supporting transitioning
veterans – to hold events providing veterans with career advisory
services and facilitating introductions to hiring managers.
“Thanks to Michael and the Blackstone team for your unique and
enduring leadership,” said Matthew Amidon, Director of the
Military Service Initiative at the George W. Bush Institute.
“You have been and continue to be instrumental in ensuring we
leverage the immense talent in our veterans and military families.
Your example is the one to follow as we look to match their
leadership with their next career.”
“Blackstone portfolio company CEOs have regularly remarked on
how veterans bring outstanding dedication and leadership ability to
their work,” said Marcus Felder, Vice President in Blackstone’s
Portfolio Operations group and leader of the Career Pathways
program. “Working with our portfolio companies to recruit,
train and retain these exceptional employees enables us to better
fulfill our core mandate: to deliver for our investors by building
better businesses. It’s a win-win-win – for veterans and their
spouses, for portfolio companies and for the country.”
In addition to connecting veterans with opportunities at
portfolio companies, Blackstone has also prioritized recruiting and
developing veteran talent within the firm and supporting veterans
through charitable giving. The Blackstone Veterans Network supports
the hiring and career development of veterans, veteran spouses and
caregivers at Blackstone, while the Blackstone Military Internship
Program (MINT) – an initiative of the Veterans Network – helps
military personnel transition to careers in the financial services
industry. In the coming months, Blackstone will work with Hiring
Our Heroes, a program run by the U.S. Chamber of Commerce, to place
more veterans at roles within the firm. Since 2012, the Blackstone
Charitable Foundation has partnered with and made grants to
nonprofit organizations supporting veterans.
About Blackstone Blackstone is the world’s largest
alternative asset manager. We seek to create positive economic
impact and long-term value for our investors, the companies we
invest in and the communities in which we work. We do this by using
extraordinary people and flexible capital to help companies solve
problems. Our $731 billion in assets under management include
investment vehicles focused on private equity, real estate, public
debt and equity, life sciences, growth equity, opportunistic,
non-investment grade credit, real assets and secondary funds, all
on a global basis. Further information is available at
www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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Emilie Stanton emilie.stanton@blackstone.com 347-331-9196
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