Dear New York State Legislators:
Bold and meaningful bail reform in New York State is long overdue, and we urge you to take action before the end of this legislative session.
Two thirds of people in New York jails have not been convicted of a crime. That means that over 16,000 New Yorkers are in jail every day awaiting trial. The vast majority of them are there simply because they cannot afford to pay bail. This senseless pre-trial jailing unfairly discriminates against people in poverty, disrupts families, damages our state’s workforce, and comes at a huge cost to taxpayers. The practice is morally wrong, economically and socially harmful, and ultimately undermines public safety.
Bail reform is in the best interest of the individuals, families, and businesses that make up our communities. We agree with the 71% of New Yorkers who recognize that bold reforms are necessary to safely reduce the number of New Yorkers in jail. We urge you to act without further delay.
Sincerely,
Lee Ainslie
Managing Partner
Maverick Capital
Chris Anderson
Head of TED
Louis Bacon
Doug Band
President
Teneo Holdings
Stacey Bendet
CEO
Alice + Olivia
Lloyd C. Blankfein
Ursula Burns
Executive Chairman
VEON Ltd.
Ray and Barbara Dalio
Mark F. Dalton
Co-Chairman
Tudor Investment Corporation
Barry Diller
Chairman
IAC and Expedia
David Einhorn
President
Greenlight Capital
Jason Flom
Founder and CEO
LAVA Media
Sonia Gardner
President and Managing Partner
Avenue Capital Group
Evan G. Greenberg
Chairman and CEO
Chubb
Declan Kelly
Chairman and CEO
Teneo Holdings
Henry R. Kravis
Co-Chairman and
Co-CEO
Kohlberg Kravis Roberts & Co.
Ken Langone
Chairman
Invemed Associates
Marc Lasry
Chairman and CEO
Avenue Capital Group
William P. Lauder
Executive Chairman
The Estée Lauder Companies
Thomas H. Lee
President
Thomas H. Lee Capital
Kevin Liles
Co-Founder and CEO
300 Entertainment
Daniel S. Loeb
Founder and CEO
Third Point LLC
Tracy V. Maitland
President
Advent Capital Management, LLC
Howard Marks
Co-Chairman
Oaktree Capital Management
Scott Mills
President
BET Networks
Wes Moore
CEO
Robin Hood
Rupert Murdoch
Chairman
News Corp and 21st Century Fox
Michael Novogratz
CEO
Galaxy Digital
Alan J. Patricof
Managing Director
Greycroft
Richard Parsons
Jay Penske
Chairman, CEO and Founder
Penske Media Corporation
Ronald O. Perelman
Chairman
MacAndrews & Forbes Incorporated
Julian Robertson
Chairman
Tiger Management, LLC
Steven Rubenstein
Chairman
Association for a Better New York
Amol Sarva
CEO
Knotel, Inc.
Barry Sternlicht
Chairman and CEO
Starwood Capital Group
Ken Sunshine
Gus Wenner
President and COO
Rolling Stone
Jann Wenner
Founder
Rolling Stone
Kathryn Wylde
President and CEO
Partnership for New York City
Strauss Zelnick
Founder
ZMC