May 26, 2014

Blackstone Honors Nation’s Veterans on Memorial Day

This Memorial Day, Blackstone honors and extends gratitude to our nation’s veterans for their service.

“American servicemen and women face tremendous challenges finding work when their service to our nation has ended, particularly in a challenging job market,” said Steve Schwarzman, Blackstone’s Chairman, CEO, and Co-Founder. “American companies consistently struggle to find and retain top talent. This initiative is thus a prime example of how the public and private sectors can partner together to support initiatives of critical national importance. And while we feel it is a duty to support American veterans, we also know that these motivated men and women will help make our portfolio companies stronger.”

Over the past eighteen months, Blackstone has widely expanded its efforts to support veterans through employment initiatives as part of the Blackstone Veterans Initiative.

  • In April 2013, in support of the White House’s “Joining Forces” initiative announced this past April, Blackstone committed to hiring 50,000 American veterans across its portfolio over five years.
  • In September, we were proud to host the inaugural Blackstone Veterans Hiring Summit to support the hiring of American veterans across its our portfolio companies. At the summit, hiring executives and government officials worked together to plan our continued fulfillment of this pledge.
  • In November, the Blackstone Charitable Foundation announced the Blackstone Veterans Grants Program, awarding grants ranging in size from $10,000 to $50,000 for organizations that help veterans find employment, develop job skills and start businesses.
  • In February, Blackstone CEO Stephen A. Schwarzman attended the George W. Bush Institute’s Military Service Initiative Summit, participating in a panel with Gen. Peter Pace to address ways to encourage hiring among returning servicemen in both the public and private sectors.
  • As of May 2014, Blackstone has hired over 10,000 veterans since making the pledge.