Romney will start his tour with a breakfast at Cipriani 42nd Street at $2,500 per head. Among the 80 co-hosts on the bill are Romney’s richest donor, hedge fund billionaire John Paulson, former Goldman Sachs chairman John Whitehead, Forstmann Little chairman Julian Robertson…Then, J.P. Morgan Chase vice chairman Jimmy Lee is hosting a luncheon at the Waldorf-Astoria. But the bank’s rep tells us J.P. Morgan Chase chairman and former Obama ally Jamie Dimon will not be attending. Later in the evening, Steve Schwarzman, founder of Blackstone, the world’s largest private equity firm, is hosting a more intimate event at his Park Avenue home with CEO Tom Hill, Third Point founder Dan Loeb, former Chris Christie backer and hedge fund honcho Paul Singer and former SEC chairman Richard Breeden. [NYP]
Stephen Schwarzman
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Posted in:
Election 2012
Mitt Romney’s New York Schedule Includes Meeting With At Least One American Who’s Fallen On Hard Times This Year
By Bess Levin-
Posted in:
Election 2012
There’s Only One Person In This World Stephen Schwarzman Would Give A Bite Of His Soft-Shell Crab Sandwich And His Name’s Mitt Romney
By Bess Levin“First of all, this is a personal choice. From a corporate perspective, we have a lot of Democrats at the firm and my partner, Tony James, has been a supporter of the president. This is my choice, not a Blackstone choice. When we started Blackstone in 1985, the first investment we made in private equity was a joint deal with Mitt Romney at Bain. This turned out to be a marvelously successful deal with a profit of a company making aluminum wheels which expanded very rapidly. We made about 16 times profit. The second deal we did, Mitt led that one – we did that deal at Blackstone and we invited him to be the minority partner and we made 24 times our money. In finance, that’s a way to make friends.” Continue reading »
On Thursday night Stephen Schwarzman delivered the keynote speech at the Alfred E. Smith Memorial Foundation Dinner, an annual Catholic charity fund-raiser named in honor of the former governor of New York. By tradition, the keynote speaker of the 66-year-old event is supposed to deliver a mostly humorous speech, and Mr. Schwarzman’s roughly 15-minute peroration was laced with humor…[Such as] the line that brought the house down: “Brian Moynihan is here tonight. He’s the C.E.O. of Bank of America. As many of you know, Brian’s brother Patrick runs a Catholic boarding school in Haiti. Their parents must be so proud to see two of their boys running an underfunded, nonprofit organization. Even Mr. Moynihan, who was in the audience, laughed.” [Dealbook]
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Posted in:
Private Equity
Stephen Schwarzman Tired Of Introducing America As His Son The Sausage Link
By Bess Levin
You’d think someone would’ve gotten the hint by now. Continue reading »
Modest or manic, Mr. Gray is said to keep a low profile because he does not see the benefit of raising his, and would simply prefer to be another cog in the Peterson-Schwarzman machine. Which is not to say he is a hermit—friends describe him as animated and gregarious, but above all else, humble—he simply likes to keep things to himself…Try as he might, Mr. Gray may not be able to stay hidden much longer. Mr. James has big plans for his big man, according to multiple sources. “Tony James is going around telling people, ‘My job in life is to convince Jon Gray to take my job,’” as one of them put it. Mr. James did not recall making that statement, but during the interview, he allowed that “I think he’d be great at it.” So is Mr. Gray the future of the firm? “He is certainly one of the talented individuals of his generation who could do a fantastic job running the firm. Better than me.” [NYO]
Famous friend of Britain’s Prince Andrew Kazakhstan-born beauty Goga Ashkenazi threw a wild party at her St. Tropez villa over the weekend, complete with a topless crasher. Wealthy businesswoman Ashkenazi hosted 350 for dinner, then added another 200 guests to join an after-party. Revelers included Joan Collins, Blackstone’s Steve Schwarzman, Denise Rich, movie producer Lawrence Bender and model Victoria Silvstedt. Grace Jones performed in a black thong when a young woman, who guests described as a “party crasher,” jumped onstage and ripped off her top to “grind” with the rock goddess, before the intruder was “escorted out by security,” a spy said. [NYP]
Morning Money hears that at yesterday’s executive meeting, Blackstone chief Steve Schwarzman took a shot at former NEC Chair Larry Summers’ FT column calling for a number of actions to spur job growth, including expanding the payroll tax cut to employers. “I thought I was looking at a Saturday Night Live script,” Schwarzman said, according to our source. “Who was in charge the past two years?” [MM via BI]
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