LYCOS RETRIEVER 
Henry Kravis: Park Avenue
built 257 days ago
The streets of New York can be inhospitable at the best of times, but for Henry Kravis, of private equity behemoth Kohlberg Kravis Roberts, the season of goodwill has been particularly unfriendly this year. Thousands of protesters chose Kravis' 26-room apartment on Park Avenue to stage a rally highlighting the enormous wealth of private equity moguls. Read on.
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Kravis is one of the founders of Kohlberg Kravis Roberts or KKR, one of the older buyout firms. Starting 30 years ago, KKR pioneered the use of leveraged buyouts and has now done over 160 deals. KKR manages $53.4 billion and has offices in New York, Menlo Park, San Francisco, London, Paris, Hong Kong and Tokyo. Some of its notable achievements include the first leveraged buyout in excess of $1 billion and the largest buyouts ever in the Netherlands, Denmark, India, Australia, Singapore and France.
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Kravis had a spirited crowd harassing him outside his 28-room spread on Park Avenue yesterday. It's the second action against him taken by the Service Employees International Union, which is railing against private-equity wealth and which previously swooped down on the billionaire's lush Southampton home last summer. In the latest demonstration, passersby were treated to scenes from a new documentary, "The War on Greed: The Homes of Henry Kravis," which contrasts his extravagant lifestyle with the paltry earnings of regular working stiffs. Kravis earned $450 million last year.
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KKR boss Henry Kravis must have woken up pretty nervous this morning, the New York Times ran a story about a massive protest that was supposed to taken place outside his posh Park Avenue apartment. Watch.
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The makers of “The Homes of Henry Kravis don’t mention 740 Park, but he used to live there, too. The Times writes the movie up (with a cameo appearance by 740’s Steve Schwarzman) here.
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The New York Times is reporting today that a group of protesters will be demonstrating outside of Henry Kravis's 28-room apartment on Park Avenue today. The demonstration will have a holiday feel, complete with carols and ringing bells. A movie with the jolly title of "The War on Greed, Starring the Homes of Henry Kravis" will be shown on sandwich boards worn by protesters. The film is apparently a satirical look at Kravis's many homes and opulent lifestyle, with a comparison to the more modest homes and lifestyles of ordinary American workers.
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