Stephen Schwarzman
Stephen Schwarzman
Stephen Allen Schwarzmanis an American business magnate and financier. He is the chairman and CEO of the Blackstone Group, a global private equity and financial advisory firm he established in 1985 with former US Secretary of Commerce Pete Peterson. His personal fortune is estimated at $12.9 billion, according to Forbes. As of 2015, Forbes ranked Schwarzman at 100th on its World's Billionaires List...
basically buy companies company grow interests linked money number people
When you buy a company sometimes there are some short-term cuts, but basically we make money when companies grow fast...so our interests are linked with the number of people working for us.
amount effort equity manager searching spent time
Blackstone has spent a significant amount of time and effort searching for the right manager to spearhead our effort into the long/short equity space.
careful companies good operating plans
So you need to be careful and have very good operating plans for the companies that you buy.
competition high problem solve worry
Competition I don't worry about. Nothing can really solve the problem of high prices.
company creation executing intention management strategy support value
Our intention is to support the company and its management in executing a strategy of long-term value creation for all stakeholders in a collaborative environment.