The untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse who avoided the self-destructive tendencies of Wall Street; how Blackstone (and other private equity firms) transformed from being gamblers, hostile takeover artists, and "barbarians at the gate" into disciplined, risk-conscious investors. The financial establishment banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley were the cowboys, recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Blackstone is now ready to break out once again since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital. This book is rough cut, which means the pages are unevenly cut to give the book a distinctive look and feel.
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DAVID CAREY is senior writer for The Deal, a news service and magazine covering private equity and mergers and acquisitions. Before joining The Deal he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World.
JOHN E. MORRIS, now an editor with Dow Jones Investment Banker, was for many years an assistant managing editor at The Deal in New York and London and before that was an editor and writer at The American Lawyer magazine.
To find out more visit: www.king-of-capital.com
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