Legal Law

Even when he loses Apollo, Leon Black will all the time have MoMA

For Leon Black, things have quickly deteriorated. The story of the co-founder of Apollo Global Management’s unfortunate relationship with the terrible Jeffrey Epstein has shifted from “nothing to see here” to “okay”. Maybe there are 75 million things to see these goddamn yellow journalists insist on, but to go on saying Nobody really cares “to” OK, maybe people care, but we’ll check (again) “to” If you do want to stop investing in people who hang out with a known pedophile, you will have a hard time finding someone to take your money with. “The Wall Street Journal will literally look past him in a matter of weeks.

[Josh] Harris, a 55-year-old billionaire, faces a new challenge: trying to renew the cutthroat culture and the harsh image of the company long synonymous with the men who started it 30 years ago. He is trying to modernize his corporate structure and create a broader agreement of common power that could one day form the basis of a succession plan. And he tries to overcome the company’s reputation for making profits with sharp elbows at all costs.

More recently, the task of improving Apollo’s image has been hampered as its co-founder and best-known figure, Chief Executive Leon Black, has been scrutinized for his relationship with the late financier Jeffrey Epstein.

Nevertheless, there is one place where Schwarz can find consolation, acceptance and unconditional support: the trust room in the Museum of Modern Art, which he has been running since 2018. After all, these are people who undoubtedly do not want to jeopardize their status as the likely future home of one of the world’s greatest masterpieces, and have already given Black some pretty significant misjudgments and offenses against good taste anyway.

A second trustee said, “The news about Leon and Epstein is somewhat surprising” before predicting that the museum’s stewards will “play out” the scandal.

“I guess for the moment folks [MoMA trustees] won’t do anything. I think it will play out in the press and in an investigation, “said the trustee.

When Black took on the role of MoMA chairman in 2018, he vowed not to cause problems and to live up to his predecessor, real estate mogul Jerry Speyer. Black even made a promise to sing in the form of a rap in July 2018, which he performed for his new art lovers in the four-story Renaissance-style townhouse at 19 East 70th St., a former art gallery.

“You know we were so lucky to be able to entrust Speyer. You know the guy builds things higher and higher, ”Black sang.

Some of the MoMA trustees exchanged glances, unsure what to think as the song went on. A couple sang along, a source said.

“And you know, when Leon is in charge, you know he’s going to save us from disaster because this guy keeps up with all modern masters.


“Dali. O’Keefe and Mark Rothko.


“Oldenburg, Kusama and Velasco.


“You have to tell us the truth.


“You are like a fountain of youth to the world,” he said, according to sources and a sheet of text reviewed by The Post.

“He was really excited and enjoyed the limelight,” one attendee told The Post, adding that the lyrics now seem ironic as Black barely keeps MoMA out of trouble.

Well, if the city’s cultural and financial elite can forgive him for causing them this embarrassment, as well as any crimes for appetizers he committed in their presence, he can surely survive without too many screams.

MoMA supports its rap chairman despite ties to Epstein [N.Y. Post]A $ 433 billion Wall Street giant has a reputational problem. It is up to Josh Harris to fix the problem. [WSJ]

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