This isn't the generous gift the title makes it out to be.
Blakely, 50, surprised employees with the generous offering while announcing that she sold the company for $1.2 billion in a partnership with the investment management company Blackstone.
So she sold the company to an (((investment management company))) and now the employees are under new management that will likely shake up the company and restructure them out to be replaced by diversity hires. Blakely did this to distract the workers during the transition so they wouldn't bolt. She made $1.2 billion and they get crumbs for building up her business to that value. Anyone who works there and is excited for this "generosity"- well I'd like to see what they think of it in six months to a year when the (((buyer))) takes over.
The Blackstone Group
Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers.
Stephen A. Schwarzman, CEO
Early life and education
Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman.
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