King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone - Hardcover

David Carey; John E. Morris

Hardcover

ISBN 10: 0307452999 ISBN 13: 9780307452993

Publisher: Crown Publishing Group, Division of Random House Inc, 2010

Synopsis

The untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse who avoided the self-destructive tendencies of Wall Street; how Blackstone (and other private equity firms) transformed from being gamblers, hostile takeover artists, and "barbarians at the gate" into disciplined, risk-conscious investors. The financial establishment banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley were the cowboys, recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Blackstone is now ready to break out once again since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital. This book is rough cut, which means the pages are unevenly cut to give the book a distinctive look and feel.

About this title

Review:

King of Capital aspires to be a serious portrait of Blackstone and the way that Schwarzman so brilliantly built it up, scoring numerous coups along the way and avoiding the mistakes of many competitors. And it does a fine job in what it sets out to do. --The Financial Times, 20/10/2010

New book offers fresh portrait of buyout powerhouse...The authors were given rare access to Blackstone s inner circle and have produced an intimate portrait of the secretive firm. --Financial News, 18/10/2010

About the Author:

DAVID CAREY is senior writer for The Deal, a news service and magazine covering private equity and mergers and acquisitions. Before joining The Deal he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World.
 
JOHN E. MORRIS, now an editor with Dow Jones Investment Banker, was for many years an assistant managing editor at The Deal in New York and London and before that was an editor and writer at The American Lawyer magazine.

To find out more visit: www.king-of-capital.com

About this edition

• Publisher: Crown Publishing Group, Division of Random House Inc
• Publication date: 2010
• ISBN 10: 0307452999
• ISBN 13: 9780307452993
• Binding: Hardcover
• Number of pages: 400