The Blackstone chief appears on CNBC earlier today to discuss the firm's earnings. In sum: Suck it, everyone.1
Blackstone reported much better-than-expected quarterly results on Thursday, prompting Chairman and CEO Steve Schwarzman to declare his private equity firm an "earnings machine." "We are the most profitable money manager in the world," boasted the co-founder of Blackstone, which has $310 billion in assets under management. "We just have an economic model that doesn't depend on a [particular] quarter's earnings."
1. But especially you, Henry Kravis.↩