Saturday, September 26, 2026

Blackstone's Baratta Relieved


Joe Baratte is leaving Blackstone.  The reason is unclear:

1.  AI killed the video star

2.  Insurance shenanigans, i.e. actual crimes

3.  Trump II needs another billionaire to yell at

4.  All of the above
Bloomberg seemed to confirm that Blackstone could no longer afford its star executives.  The public will no longer see Joe Baratta in that annual Holiday video.  

Baratta dumped 213,000 Blackstone shares over the last four months.  If only he had a U.S. government job to shield some of that from taxes.

This man will land on his feet after he gets out of the plush recliner in his private jet.  Joe joined the billionaire club last year.  He may even run for office given...

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