'It's a serious problem when superrich private equity executives who invest billions in harmful fossil fuels can greenwash their reputations through acquiring coveted board seats at prestigious universities and cultural institutions.'
Dubbed"Wall Street's top political donor," Schwarzman"is a top ally, donor, and fundraiser" for former President Donald Trump, the analysis says, pointing out that the Blackstone executive reportedly"even defended Trump's election denialism at a CEO meeting shortly after the 2020 election."
"This helps these Wall Street billionaires hide the fact that they're among the world's biggest oil and gas barons," Seidman said. In addition to holding positions at various other institutions, KKR co-founder and co-chairman Kravis is a"director of the Palm Beach Civic Association alongside other hedge fund billionaires, and the city's main performing arts center bears the Kravis family name," the report says."He owns a beachside mansion alongside a slew of other Wall Street billionaires like Stephen Schwarzman , Carl Icahn , Ken Griffin , and Nelson Peltz .
Along with pouring money into activities that heat the planet,"Kravis and KKR have no qualms about pillaging companies or investing in unethical products in order to turn a profit," the analysis adds, noting that"the firm helped oversee the notorious raid of Toys 'R' Us that devastated the company's workers."
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