King of Capital: the remarkable rise, fall, and rise again of Steve Schwarzman and Blackstone

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2010
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The financial establishment-banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley-were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster. In King of Capital, David Carey and John E. Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and "barbarians at the gate" into disciplined, risk-conscious investors. This is the greatest untold success story on Wall Street. Not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance. And since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital, Blackstone is now ready to break out once again. Insightful and hard-hitting, King of Capital is filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Steve Schwarzman and Peter Peterson. A great human interest story, as well, it tells how Blackstone went from two guys and a secretary to being one of Wall Street's most powerful institutions-far outgrowing its much older rival KKR-and how Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s.
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Grouped Work ID 970df484-cabe-3c87-c35a-07b82ae0e23f
full_title king of capital the remarkable rise fall and rise again of steve schwarzman and blackstone
author carey david
grouping_category book
lastUpdate 2017-11-23 06:37:09AM

Solr Details

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auth_author2 Morris, John E., 1957-, Wilson, George K.
author David Carey
author2-role Morris, John E.,1957-, Wilson, George K., hoopla digital.
author_display Carey, David
detailed_location_arlington hoopla
display_description

David Carey and John E. Morris reveal the untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street.

The financial establishment—banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley—were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster. In King of Capital, David Carey and John E. Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and "barbarians at the gate" into disciplined, risk-conscious investors. This is the greatest untold success story on Wall Street. Not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance. And since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital, Blackstone is now ready to break out once again.

Insightful and hard-hitting, King of Capital is filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Steve Schwarzman and Peter Peterson. A great human interest story, as well, it tells how Blackstone went from two guys and a secretary to being one of Wall Street's most powerful institutions—far outgrowing its much older rival KKR—and how Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s.

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subject_facet Consolidation and merger of corporations, Financial services industry -- United States, Investment advisors -- United States, Leveraged buyouts, Private equity
title_display King of Capital
title_full King of Capital The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone, King of capital [electronic resource] : the remarkable rise, fall, and rise again of Steve Schwarzman and Blackstone / David Carey and John E. Morris
title_short King of Capital
title_sub the remarkable rise, fall, and rise again of Steve Schwarzman and Blackstone
topic_facet Business, Nonfiction