New York Business Leaders Call For Bail Reform

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