Blackstone... black heart?
Its interesting, Blackstone (NYSE: BX) one of the worlds largest private equity companies, worth over $80 billion, doesnt contribute a single thing to good causes.
When it first filed its IPO Blackstone went about setting up the Blackstone Foundation, a charitable enterprise that the company promised would do good. However, the Blackstone Foundation hasnt recieved a penny from its parent company.
And while companies like Microsoft and IBM go about doing good via their foundations, the Blackstone Foundation appears to be nothing more than a PR exercise.
