Schwarzman Not Exactly Helping PE's "Gun Slinger" Image
It's been really slow going, but I've finally made my way through Andrew Ross Sorkin's crisis opus, "Too Big Too Fail." I blame my snail's reading pace on the fact that, at 2.5 pounds, the book is simply too heavy to carry around. Private equity's direct role in the great crisis of September 2008 was minimal, yet somehow Blackstone Group's Steve Schwarzman proved that once again, the truth is far more amazing than anything I could make up. You may remember his calm, collected public comments on the crisis at a conference days after Lehman collapsed. At the time I wrote that Steve Schwarzman Is Not Freaking Out, noting he seemed "almost too relaxed." That was, apparently, not the case.
4 January 2010•2 mins read
