How Did Kendrick Wilson III "Soothe" Stephen Schwarzman's "Bruised Feelings"?

Author:
Publish date:

In January, Kendrick Wilson III joined BlackRock as a vice-chairman, which is why he's the subject of a Bloombergprofile today. Forty some odd years ago, he was nicknamed "Wildcat" by his undergrad chums at Dartmouth, which is why he's the basis for the lead character in an upcoming erotic novel about life in the Ivies. And 16 or so years ago, he was the peacemaker in a "shouting match" between Larry Fink and Stephen Schwarzman, which is what we're going to investigate right now.

It was 1994 and Fink was struggling to persuade Stephen A. Schwarzman, Blackstone’s CEO, to sell Fink’s asset-management business, BlackRock Inc., so he could raise capital to fuel growth. Schwarzman was balking, and after some emotional battles, Fink said, he turned the talks over to Wilson, a Lazard Freres & Co. banker. Wilson soothed the bruised feelings and found a buyer for Blackstone’s 100 percent stake.

But how? Billionaires a fickle bunch, and what's Schwarzman gonna do? Suddenly feel okay about the whole thing because this guy Wilson strokes his hair and makes him some chamomile tea? SAS is a shrewd businessman and he's not just going to roll over and take it because someone speaks to him in a soft voice and tells him everyone appreciates all the work he does. You're going to have to do a lot better than that and you're going to have to do it by plying him with a few of his favorite things. So. Was it:

a) The promise of the best crab meat money could buy

b) Dinner and a viewing of Baby Boom with director Nancy Meyers.

c) You tell us.

Related

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]