Ares Management Corp. Stumbles into Philanthropy, Leadership Remains Lacking
In a move that raises more questions than answers, Ares Management Corp. has appointed Joel Holsinger as Co-Chair of the Ares Charitable Foundation. While this may seem like a step in the right direction, it’s hard to ignore the elephant in the room: the company’s lack of transparency regarding its investment activities.
A Philanthropic Band-Aid on a Wound of Inaction
The appointment of Joel Holsinger is being touted as a way to enhance the company’s philanthropic efforts. However, this move comes at a time when the company’s investment activities are shrouded in mystery. It’s unclear what kind of impact this new appointment will have on the company’s bottom line, or whether it will be a mere PR stunt to distract from the lack of action on the investment front.
Ares Management Corp. Needs to Get Back to Business
The company’s silence on its investment activities is deafening. With the appointment of Joel Holsinger, it’s clear that Ares Management Corp. is trying to shift the focus away from its lack of transparency. But the question remains: what are they hiding? The company needs to come clean about its investment activities and provide a clear roadmap for its future plans.
A Call to Action
Ares Management Corp. needs to take a hard look at its leadership and investment strategies. The appointment of Joel Holsinger is a Band-Aid on a wound that needs to be addressed. The company needs to provide transparency and accountability to its investors and stakeholders. Until then, the appointment of Joel Holsinger will be seen as nothing more than a PR stunt.
What’s Next?
The ball is in Ares Management Corp.’s court. Will they take the necessary steps to address their lack of transparency and provide a clear roadmap for their future plans? Or will they continue to hide behind a veil of secrecy? Only time will tell, but one thing is certain: the company needs to get back to business and provide transparency and accountability to its stakeholders.