this post was submitted on 05 Aug 2025
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Blackstone is a private equity firm though, not healthcare.
Still a CEO, so high partial credit.
Private Equity is super evil, and uses business law loopholes in order to make sinkholes out of large companies, leaving the debt for the state to manage when the insolvent company goes bankrupt.
Right now all the AAA game development companies are getting the private equity treatment.
Mitt Romney, the 2012 GOP candidate for President, was president of Bain Capital, a private equity company.
Blackstone's REIT group owns 63,000 single family homes, and the way they collude with other REITs makes them largely responsible for the current housing crisis.
Americans average about 30% of their income on housing, compared to about 7% on healthcare. I would argue that Blackstone's abuse has over four times the economic effect that health ~~insurers~~ extorters have on consumers.
They're absolutely fucking evil. Just not a healthcare company.
Exactly.
In a thread when the news came out, someone got Blackstone and BlackRock confused and someone else said there's no difference.
There is a difference. BlackRock wants to make money off your and everyone else's work without doing anything themselves so they run a bunch of funds that you can invest in, and they take a cut. Bog standard capitalist leeches. Blackstone wants you to never own a home, so they buy up homes, but they ALSO make sure to concentrate their efforts in one area at a time so if you live in that area you'd have no choice but to rent from them. To accomplish this, they'll literally offer over market value in those areas.
The CEO that got killed (by accident, funnily enough - the shooter was after someone else entirely) was the CEO of said real estate group within Blackstone. She in particular had a large part in how fucked the American real estate market is.
UHG isn’t healthcare, either, fwiw.
Arguably isn’t health insurance, either.