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Steve Schwarzman, Tony James Have Different Strengths

One worries about "populist-backlash fears," the other not so much.
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The Blackstone CEO, as yesterday’s long Wall Street Journal profile of the firm makes clear, is very good at making money. Specifically, finding opportunities to make money and then doing it. His president, Tony James, has another gift.

“I worry about becoming a symbol, a symbol for greed, a symbol for income disparity,” said Mr. James, Blackstone’s president, in an interview last year. “I don’t mind being part of a herd. I don’t want to be singled out….”

[Schwarzman] doesn’t share populist-backlash fears, saying Mr. James is “very good at worrying.”

Blackstone Gains From Banks’ Financial-Crisis Pain [WSJ]


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

Steve Schwarzman Ensures He’ll Be Remembered For More Than Just Making A Ton Of Money

His obituary will now include lines like, “providing aid and comfort to an insurrectionist” and, maybe, “man whose odiousness inspired the legislative dismantling of the private equity industry.”