Private equity giant inks hush-hush lease at revamped NYC office building
Manhattan's office market continues to surprise with unexpected new leases and expansions, and now it's making the most unlikely move that no one expected. Bridgewater Associates, the world's largest hedge fund manager, has signed a deal to open its first Manhattan office. The Westport-based company secretly closed on a 60,000-square-foot lease at 295 Fifth Avenue […]
OpenAI’s Sam Altman calls report of 7% equity stake ‘ludicrous’
According to multiple reports, OpenAI CEO Sam Altman flatly denied accepting a large stake in the startup worth billions of dollars as part of a corporate restructuring. Mr. Altman, 39, said Thursday that a Bloomberg report said OpenAI's board was discussing giving him a 7% stake as part of the pioneering AI company's transformation into […]
CDC Launching ‘Agency-Wide Strategy’ On ‘Health Equity’ For LGBT, Minorities
The Centers for Disease Control and Prevention (CDC) announced Thursday that it is restructuring its Office of Health Equity (OHE) to focus more on serving racial minorities, foreign nationals and members of the LGBT community. Under the CDC's new organizational rules, OHE will “align programs, practices, policies, and budget decisions” to take into account health […]
Bankrupt hospital chain paid private equity giant $700M dividend
The nation's largest private, for-profit hospital chain reportedly paid out $790 million in dividends before filing for bankruptcy a few years later, most of which went to Manhattan-based private equity owners. Steward Healthcare System, a Boston-based network of 30 hospitals that operates in rural and low-income areas, paid Cerberus Capital Management in 2016, the same […]
Hochul aide Linda Sun, accused of working for CCP, promoted ‘equity’ policies in 2021 video
Linda Sun, a former aide to New York Governor Kathy Hawkle, who was recently arrested and accused of acting on behalf of the Chinese Communist Party, recommended “fairness” policies in her position, according to a newly uncovered 2021 video. Linda Sun, 40, and her husband, Chris Foo, 41, were arrested on Tuesday. Sun was charged […]
NFL owners allow private equity firms to buy up to 10% of clubs for first time
The National Football League approved new rules on Tuesday that will allow team owners to sell parts of their franchises to private equity firms, raising the possibility of a windfall that could add billions of dollars to the value of clubs. The NFL's 32 owners voted for the measure at a special league meeting in […]
Kamala Harris Discusses Economic Equity While Appearing to Wear a Necklace Worth 370% More Than the Median U.S. Monthly Salary
Democratic presidential candidate Vice President Kamala Harris, while appearing to wear a necklace worth about 370 percent more than the median monthly salary in the United States, chose to discuss economic “equality” with her running mate, Minnesota Governor Tim Waltz, rather than with reporters. In one video of their discussion, Harris asked Waltz to talk […]
Bottom Line: Tax bill architect to lobby for private equity giant
Tax Baker & Hostetler LLP Already registered Lobby on tax policy, including provisions of the Tax Cuts and Jobs Act of 2017, some of which expire in 2025. The Carlyle GroupOne of the world’s largest private equity firms. One of the lobbyists for this account chairs three subcommittees of the House Ways and Means Committee. […]
Delta’s top DEI officer jettisons ‘ladies and gentleman’ gate announcements as part of equity push
Over the past few years, Delta has been working on diversity, equity and inclusion issues under the direction of a chief executive who believes that “ladies and gentlemen” is not inclusive. Kayla Lynn Johnson, Delta Air Lines’ chief diversity, equity, inclusion and social impact officer, has said publicly that Delta strives to be “boldly committed […]
‘They Aren’t Appealing Because They Will Lose’: Biden Administration Backs Down From ‘Racial Equity’ Programs
The Biden administration has backed down from defending two race-based programs that were central to its “racial equity agenda,” the Washington Post reported Friday. Federal judges ruled that racial preference is unconstitutional in cases regarding the Minority Business Development Agency and the Small Business Administration’s 8(a) program, which provided loans and government contracts on the […]