logo
Blackstone Staffers Return to Park Avenue One Week After Tragedy

Blackstone Staffers Return to Park Avenue One Week After Tragedy

Mint2 days ago
(Bloomberg) -- Blackstone Inc.'s Steve Schwarzman walked into the company's headquarters at 345 Park Ave., through the lobby that a week ago had been the scene of horror and chaos when a gunman killed one of its rising stars and put scores of employees in lockdown.
Michael Chae, the firm's chief financial officer, came through too, stopping to shake hands with three staff stationed outside the door, and then inside had a huddle with Bill Rudin, whose family owns the Midtown skyscraper and also lost an employee last Monday. Schwarzman, Blackstone's chief executive, and firm President Jon Gray also stood in the lobby, greeting people as they walked in.
After what Schwarzman and Gray called 'the worst day' in the firm's history, Blackstone was open for work.
In some ways the scene bore the hallmarks of a normal weekday morning in a busy Manhattan office tower. A man walked in carrying a Yeti mug; a woman toted a Citarella bag. Roughly 30 people entered the building over a 20-minute period and boarded the elevators, heading to their desks for a day of work.
But other signs underscored the enormity of what had happened. On July 28, the gunman walked into the lobby with an assault rifle and opened fire, killing three people. He then took an elevator to the 33rd floor, where he shot and killed another person and then turned the gun on himself.
The victims were senior Blackstone real estate executive Wesley LePatner, Rudin employee Julia Hyman, security guard Aland Etienne and Didarul Islam, a New York City police officer working at the building.
On Monday, extra security guards and police stood sentinel outside of the building. One woman paused before entering the building to pet the security dog, tears springing to her eyes as she stroked its tan coat. Another woman walked up to her and gave her a hug. They clasped hands as they headed into the building together.
Another woman exited an Uber with a man who walked her right up to the revolving door: her boyfriend, who kissed her before she headed in. He said he'd just wanted to make sure she got into the building safely.
Bill Rudin, co-executive chairman of the property owner, huddled with staff in the lobby, where security guards and police officers were scattered, and a small vase of pink and white flowers rested on the check-in console. A woman toting a leather bag embraced Rudin and others standing in the lobby, before walking out to greet some of the guards.
Blackstone had told employees at headquarters that the building would be open today for employees who wished to come in, but it won't resume a normal schedule until Aug. 11. The firm will accommodate those who aren't comfortable returning by then, and executives reiterated that counseling is available to those who want it.
Schwarzman and Gray walked the floors on Monday, checking in on employees and welcoming back those who returned. Its standing Monday morning firmwide Zoom meeting was a tribute to LePatner, with people sharing their memories of her.
Over the weekend, building staff made preparations for the return. On Friday, the veil that had covered the entrance was taken down. By Saturday, the dozens of bouquets placed in memory of the victims on a ramp on the 51st Street side of the building had been removed. Inside the building, a cleaner mopped the floor.
That day, with Park Avenue closed for a Summer Streets event, thousands of bikers, walkers and runners streamed by. People spilled onto the plaza in front of the building, from children on scooters to a family eating lunch to a unicyclist taking a respite from a ride from Brooklyn's Midwood neighborhood.
Some stopped to take photos, and one couple even walked up to the glass wall of the entrance. A security guard stationed outside said he hoped the site would not become a spectacle.
Blackstone also told employees that it has been working with Rudin, the New York Police Department and outside contractors to enhance security measures. The 44-story tower in Midtown Manhattan is also home to KPMG and the National Football League.
Rudin had already bolstered security in recent years in response to crime in the area and the December murder of UnitedHealth Group Inc. executive Brian Thompson.
On Saturday, a man named Vince, who visits the Crossroads soup kitchen nearby, sat on the plaza with his lunch.
'I was surprised that they even opened up this area,' said Vince, who declined to give his last name. 'I thought it would be like a week before anybody can even sit here, you know?'
More stories like this are available on bloomberg.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Considering it': Donald Trump on ‘federal takeover' of Washington DC
‘Considering it': Donald Trump on ‘federal takeover' of Washington DC

Hindustan Times

timean hour ago

  • Hindustan Times

‘Considering it': Donald Trump on ‘federal takeover' of Washington DC

President Donald Trump on Wednesday mused again about the possibility of taking federal control of the US capital Washington, including by using soldiers, to counter what he falsely suggested was rising crime in the city. US President Donald Trump in the Oval Office of the White House in Washington, DC, US, on Wednesday, Aug. 6, 2025.(Bloomberg) Under a more-than 50-year agreement, governance of Washington rests with the locally elected government of the District of Columbia -- including its mayor -- with Congress having an oversight role. Trump has long chafed at that arrangement and has repeatedly suggested he would like to federalize the city, giving the White House the final say in how it is run. "We're considering it, yeah, because the crime is ridiculous," he told reporters in response to a question about whether he should be in charge of the city's police force. "We want to have a great safe capital -- and we're going to have it. "The rate of crime, the rate of muggings, killings and everything else; we're not going to let it -- and that includes bringing in the National Guard, maybe very quickly too," he said. The comments come a day after the billionaire president took to his social media platform to threaten city leaders. "If DC doesn't get its act together, and quickly, we will have no choice but to take Federal control of the City, and run this City how it should be run," he wrote. Violent crime in Democratic-controlled Washington fell in the first half of 2025 by 26 percent compared with a year earlier, police statistics show. The city's crime rates in 2024 were already their lowest in three decades, according to figures produced by the Justice Department before Trump took office. Trump's threat to send the National Guard into the capital comes weeks after he deployed California's military reserve force into Los Angeles to quell protests over immigration raids, despite objections from local leaders and law enforcement. The president has frequently mused about using the military to control America's cities, many of which are under Democratic control and hostile to his nationalist impulses. On Wednesday Washington's non-voting congressional delegate, Eleanor Holmes Norton, rejected Trump's claim that violent crime was rising, and his threat to federalize the capital. "Presidents have no authority to unilaterally take control of DC. Congress would have to pass a law, and I won't let the current effort get that far," she said on X.

US Weighs Options for Penalizing Russia Beyond India Tariffs
US Weighs Options for Penalizing Russia Beyond India Tariffs

Mint

time3 hours ago

  • Mint

US Weighs Options for Penalizing Russia Beyond India Tariffs

(Bloomberg) -- President Donald Trump's additional 25% tariff on India for its purchases of Russian oil could be just the first shot he aims at Moscow's energy revenues ahead of a Friday deadline, as the US weighs options to get President Vladimir Putin to end the war against Ukraine. In addition to punishing buyers of Russian energy with tariffs, the Trump administration is considering new sanctions on Moscow's covert fleet of oil tankers and several entities that enable them to operate, according to people familiar with the matter, who spoke before the administration posted the executive order on India tariffs to social media. Earlier Wednesday, Putin concluded a three-hour meeting with US envoy Steve Witkoff at the Kremlin as Russia worked to avert the ongoing penalties. The Russian leader exchanged 'signals' with Trump on Ukraine at the meeting with the envoy, Kremlin foreign policy aide Yuri Ushakov told reporters, without elaborating. Secretary of State Marco Rubio said there would be an announcement on Russia fairly soon — with more discussions happening throughout the day — after he was briefed by Witkoff on the phone following the Putin meeting, a CNN reporter said on X. West Texas Intermediate swung between gains and losses to trade near $65 a barrel after Rubio's reported comment. Oil fluctuated in choppy trading as traders await news on whether Trump will take further action to choke Russian energy flows. Trump spoke with Ukraine President Volodymr Zelenskiy on Wednesday, according to a report by Axios. The outlet also said the US still expected to implement secondary sanctions on Friday despite the Witkoff-Putin conversation going well, citing a White House official. The Russian vessels have become instrumental to its ability to move its oil despite US and European sanctions. 'The shadow tanker fleet is the backbone of Russia's sanctions evasion and war financing,' Andriy Yermak, Ukrainian President Volodymyr Zelenskiy's chief of staff, said on the X platform. The Financial Times first reported the potential measures on Russia's shadow fleet. The people said the Trump administration is considering a range of options to restrict Putin's energy revenues. Other possibilities could include measures targeting oil companies and actions to better enforce existing restrictions. --With assistance from Catherine Lucey and Gregory White. (Updates with Rubio comment, other details in fourth through sixth paragraphs.) More stories like this are available on

McDonald's returns to sales growth with budget meals and promotions
McDonald's returns to sales growth with budget meals and promotions

Time of India

time5 hours ago

  • Time of India

McDonald's returns to sales growth with budget meals and promotions

McDonald's sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners' economic anxiety. Global sales at restaurants open at least 13 months rose 3.8% in the second quarter, the company said Wednesday. That's higher than the average estimate of analysts polled by Bloomberg. International markets led the company's growth, while the US was slightly ahead of expectations as Americans spent more per trip. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The results ended four quarters of declining or tepid growth as the burger chain dealt with an E. coli outbreak, backlash against American brands in the Middle East and consumer unease about the economy in response to President Trump's trade disputes. The chain's second-quarter efforts to bring in customers included a meal timed to the launch of the Minecraft movie and a Squishmallows themed limited-time offer. In the US, the company launched chicken strips while trying to win over budget-sensitive diners with offerings such as its meal bundle starting at $5. The turnaround in the US is stark, with sales rising 2.5% in the second quarter after slumping in the 3 months ended late March. It also contrasts with a mixed picture across the restaurant industry. Live Events The overall second-quarter results show that McDonald's strategy is working and could lead to "sustained" same-store sales outperformance compared to the rest of the industry, Citi analyst Jon Tower said. Rivals such as Chipotle Mexican Grill and Pizza Hut are grappling with pullbacks as they struggle to convey to customers that their meals are a good deal.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store