Stephen Schwarzman says that Blackstone is not done growing
Can the boss of the world’s biggest buy-out firm make it bigger while keeping it profitable?
WHEN BUY-OUT firms first came to prominence in the 1980s, they were seen as wolves in fine Italian wool. Private-equity (PE) companies won a reputation for devouring companies, which they loaded with debt, stripped of assets and rid of workers. All to make a killing for their millionaire investors—and themselves.
This article appeared in the Business section of the print edition under the headline “Alternative reality”
Business June 29th 2019
- Stephen Schwarzman says that Blackstone is not done growing
- The American exception
- Japanese AGMs are getting more boisterous
- Netflix tries to jinn up its prospects in the Arab world
- The European steel industry is being clobbered
- An American ban hits China’s supercomputer industry
- Metro is fighting for its independence
- Will a robot really take your job?
From the June 29th 2019 edition
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