10,000 Veterans Hired Across its Portfolio Companies
Stephen A. Schwarzman, Chairman, CEO and Co-founder of Blackstone Attends the George W. Bush Institute’s Military Service Initiative Summit
Dallas, TX, February 19, 2014: Blackstone Chairman, CEO and Co-Founder Stephen A. Schwarzman today attended the George W. Bush Institute’s Military Service Initiative Summit. The day-long summit brings together leaders from across the private, public, and non-profit sectors to examine how Americans can more effectively support post-9/11 veterans and their families. Mr. Schwarzman participated in a panel discussion with General Peter Pace to address the importance of this issue and various ways to encourage hiring among returning servicemen in both the public and private sectors.
Over the last year, Blackstone has led several initiatives to facilitate the training and hiring of service members across its portfolio over companies. Beginning with a commitment to the White House’s “Joining Forces” initiative, Blackstone pledged to hire 50,000 veterans and has since mobilized its portfolio companies to hire more than 10,000 veterans.
“We all have a responsibility to help veterans build life-sustaining careers after their service to this country has ended,” said Blackstone Chairman, CEO and Co-founder Steve Schwarzman. “Veterans embody many of the skills, talents and personal attributes that make them valuable employees and it’s up to each of us to support them as they join the workforce.”
Additionally, Blackstone is an early participant in a Department of Defense program that allows companies to offer active duty service members training programs, and is also participating in an effort that allows veterans to use existing GI Bill funds for on-the-job training.
For more information about Blackstone’s Veterans Initiative, please visit http://www.blackstone.com/careers/veterans-initiative.
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
+1 212 390 2250