Steve Schwarzman

  • Steve Schwarzman

    Schwarzman’s Jokes Not Offensive Enough To Ruin Business Opps

    Less than a week after Steve Schwarzman’s Nagasaki joke bombed in Boca (of his failure to get the loan money to buy mortgage company PHH, Crab Hands said, “Trying to buy a mortgage bank in the midst of the subprime crisis was the equivalent of being a noodle salesman in Nagasaki when the atomic bomb […]

    / May 13, 2008 at 3:20 PM
  • Blackstone, Steve Schwarzman

    Schwarzman Joke Bombs In Boca

    Steve Schwarzman, the head of private equity giant Blackstone, has found himself in hot water after he made some remarks at his firm’s boondoggle at Florida’s Boca Raton Resort & Club. In an early morning session, Schwarzman was noodling over Blackstone’s failed attempt to buy the mortgage company PHH, a deal that collapsed when Blackstone […]

    / May 8, 2008 at 5:15 PM
  • Blackstone Group, Steve Schwarzman

    Steve Schwarzman Tells Hard-Studying Bronx Kids That Good Grades Are Over-Rated

    “How do you get from here to the rest of the world?” The question is one of the most heart-breaking moments on this season of the Wire. It’s asked of Cutty, an ex-con turned proprietor of a neighborhood boxing gym. The youngster asking it is Dukie, of the desperate kids caught up in the mess […]

    / Mar 3, 2008 at 1:38 PM
  • Blackstone Group, Steve Schwarzman

    Being Steve Schwarzman Means Never Having To Stay Home

    Apparently a quiet night at home in the largest living room in Manhattan wasn’t cutting it for Stephen Schwarzman. His birthday celebration was certainly toned down from the multimillion bash at the Armory the year before. But he still managed to make it out for the night with his wife Christine Schwarzman. The couple was […]

    / Feb 19, 2008 at 4:58 PM
  • Steve Schwarzman

    A Quiet Night In The Biggest Living Room In NYC

    Blackstone badboy Steve Schwarzman is still planning a big let down for his Valentine’s Day birthday party. Last year’s bash rang the bell at the top of the “golden era” of the private equity deal frenzy. It featured giant portraits of Steve hanging in the Park Avenue Armory and Rod Stewart’s crooning, giving new meaning […]

    / Feb 13, 2008 at 8:32 AM
  • Steve Schwarzman

    We Feel Pretty Bad About This

    “How does it feel? Unattractive. No thinking person wants to be reduced to a caricature,” Steve Schwarzman tells James Stewart in the giant New Yorker profile we haven’t gotten around to reading yet.

    / Feb 6, 2008 at 9:51 AM
  • Blackstone, Blackstone Group, Steve Schwarzman

    Can Steve Schwarzman Be Saved?

    Blackstone big Steve Schwarzman may have gone into hiding but he’s still the talk of the town. Especially if your plot of land in that town—Greenwich, East Hampton, etc—was bought with private equity tax-advantaged dollars. “Whenever group of private-equity guys gets together nowadays, the conversation inevitably turns to Steve Schwarzman,” the Economist reports today. “It […]

    / Sep 4, 2007 at 2:19 PM
  • Blackstone Group, Steve Schwarzman

    Should Blackstone Take Itself Private?

    After the monumental IPO last month, Blackstone Group may already be an appealing target for private equity, Slate columnist Daniel Gross suggests. What makes a good target? Slumping stock, healthy margins, lots of cash, valuable brand name, manageable debt, liability in public ownership. Check, check, check, check, check, check. There’s a final bonus to Blackstone […]

    / Jul 24, 2007 at 3:03 PM
  • Apollo, Blackstone, great ideas, Henry Kravis, KKR, Private Equity, Steve Schwarzman

    Does Private Equity Hate Stephen Schwarzman?
    And later, a circular maze of logic re: raise the tax to 35%

    Let’s see what two guys (Kurt Andersen and a friend, who asked requested his name be withheld) had to say about the matter: * Guy New York contributor Kurt Andersen knows who works around private equity “snarls” when he says the name “Steve,” and “blames the current anti-private-equity spasm not on whiny anti-business liberals, but […]

    / Jul 23, 2007 at 3:00 PM
  • Blackstone, Steve Schwarzman

    Who’s More Important Than Stephen Schwarzman?

    You’d think that a man who could get Tom Wolfe to accidentally wander in a side door on the floor of the New York Stock Exchange on B-Day, the day his private equity firm went public would get some attention in St. Tropez but apparently you’d think wrong. Oh yes, you’d think wrong (you’d also […]

    / Jul 10, 2007 at 12:26 PM
  • parties, Steve Schwarzman

    The Schwarzman Party Favor – Death

    If you happened to skip out on the Schwarzman party before his 30-minute self-tribute, before the hired orchestra did the Zeppelin cover, or before party favors were handed out, the Schwarzintor has a pocket full o’ reckoning to issue your lowly $5 per crab-claw eating self. After all, what is there left to live for […]

    / Jul 5, 2007 at 2:20 PM
  • Steve Schwarzman

    Schwarzman’s Party Hopping

    So much for keeping a low-profile. Despite criticism he had attracted unwanted attention to his company and the hedge fund industry with his lavish spending and huge parties, Blackstone’s billionaire founder Stephen Schwarzman hit the party scene again last week. The scene was the New York Yacht Club, where the tony and very old school […]

    / Jul 3, 2007 at 10:56 AM
  • Steve Schwarzman, Subprime Mortgages

    Stephen Schwarzman, 5’6″

    No one– no one– loves Blackstone Papa Bear Stephen Schwarzman like we do, so it was with great pleasure that we read the Journal profile today about our guy. There’s the usual stuff that everyone knows (worked at Lehman, bought Equity Office Properties, has no immunity to chicken pox, threw himself a big birthday party), but […]

    / Jun 13, 2007 at 12:34 PM
  • Steve Schwarzman

    Steve Schwarzman’s Apartment: Not Quite As Big As Reported

    Steve Schwarzman’s apartment is giant, huge and “the best l’il apartment in New York City,” writes Michael Gross. But it’s not quite as big or as expensive as a recent profile in The Business describes it. Gross, who quite literally wrote the book on the building at 740 Park Avenue containing Schwarzman’s apartment, notices that […]

    / Apr 5, 2007 at 1:30 PM
  • Blackstone, Blackstone Group, Henry Kravis, KKR, Private Equity, Steve Schwarzman

    Blackstone vs. KKR: Primedia Bid

    Is personal animosity standing in the way of Blackstone’s bid for the enthusiast magazine titles Primedia has put on the auction block? That’s what the New York Post’s Keith Kelly claimed in his column yesterday. Although Blackstone is said to have put in a bid for some or all of the titles—which include Surfing, Motor […]

    / Apr 5, 2007 at 11:25 AM
  • Steve Schwarzman

    Blackstone Delving Into Black-Scholes Book-Keeping

    One of the reasons private equity companies have been able to see such tremendous gains over the years is that they have longer time horizons than many investors. A typical investor holds a stock in a publicly traded company for a mere 10 months these days. Despite some headline making quick turnarounds, private equity firms […]

    / Mar 30, 2007 at 9:59 AM
  • Blackstone, Blackstone Group, IPO, Private Equity, Steve Schwarzman

    Blackstone Rocks The Bucks: The Blackstone Ticker Symbol Revealed!

    BX. “Word around Wall Street this morning was that the private-equity firm has settled on BX as its stock-listing handle, after considering a number of two and three-letter monikers,” Deal Journal’s Dennis Berman reported this afternoon. Why BX? As in “Bronx?” Or “bitter-ex?” Or maybe “Beware: Crossing?” “As in bucks. Lots of bucks,” Berman writes. […]

    / Mar 23, 2007 at 2:41 PM
  • Blackstone, Blackstone Group, Steve Schwarzman

    How Much More Money Would Steve Schwarzman Make If He Had No Salary?

    Dwight Cass at BreakingViews runs some numbers to figure out how Steve Schwarzman might stand to make hundreds of millions if he reduces his salary to nothing. A canny accountant might argue that Mr. Schwarzman should draw no salary, to maximize value of his stake. That might also help the firm brush off inevitable fat-cat […]

    / Mar 22, 2007 at 9:23 AM
  • Steve Schwarzman

    Private Equity And Compliance Culture

    When was the last time you heard someone use “compliance culture” in a positive way? Believe it or not, there was a time when creating a “culture of compliance” was all the rage within corporate American and on Wall Street. But it seems far less popular today. With a bit of distance from the corporate […]

    / Mar 15, 2007 at 1:55 PM

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