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Schwarzman's Jokes Not Offensive Enough To Ruin Business Opps

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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 went off. Not a lot of noodles left, or even a person, and that’s what happened to us on this deal.”), Blackstone has announced it would like to get in on some deal opportunities in Asia.
It plans to do so with the launch of Blackstone Altius Advisors, an event-driven strategy based in Hong Kong, with staff in Tokyo, Mumbai, and New York, and focused on money making schemes on the left-hand side of the Pacific. Good to see no one over there’s holding a grudge. Though, to be fair, it’s been a while since the atrocities that Schwarzman made light of in Florida went down. That real test would be to have Schwarzman make some cyclone cracks in his next public appearance, and see if they have an effect on Blackstone’s (non-existent) business efforts in Myanmar (which you know he would probably call Burma, after making "Formosa" and "Peking" jokes).
Blackstone to Launch Blackstone Altius Advisors, an Asia-Focused, Event-Driven Investment Business [BusinessWire]


By Lishabai Yi (Middle Kingdom Media Ltd.) [CC BY-SA 4.0], via Wikimedia Commons

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Stephen Schwarzman Supposedly Not Interested In 'Mommy Porn'

50 Shades of Grey is the first book in a trilogy about the relationship between a recent college graduate, Anastasia Steele, and a "young business magnate," Christian Grey, the former being employed as a sex slave of the latter, who has a room in his apartment called the "Red Room of Pain," where his sadomasichistic directives go down. The books have been dubbed "mommy porn" and are apparently huge among married women over thirty who are using the "tantalizing tale to spice up their sex lives." Naturally, the subject came up last night at a party attended by some billionaires and their wives. Stephen Schwarzman [attended the event] with his wife, Christine Schwarzman, who said she's just finished reading the novel "50 Shades of Grey," which is "definitely not for Steve," who likes the thriller writer Lee Child. While the Blackstone CEO maybe be (allegedly) too good for billionaire BDSM tales, we're pretty sure most of his peers have found themselves unable to put the page-turners down and don't care who knows it. To that end, we've sent out detailed questionaires to top CEO and hedge fund managers to find out how many other "out and proud" readers of erotic literature there are among Wall Street's elite. Apparently Jimmy Cayne went through the trilogy in "less than a week." Bill Cunningham on Borrowed Dresses, Charity Galas, Astor [Bloomberg]