{"product_id":"king-of-capital-the-remarkable-rise-fall-and-rise-again-of-steve-schwarzman-and-blackstone-9780307452993","title":"King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eKing of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone\u003c\/strong\u003e by Morris, John E.. hardcover edition. ISBN: 9780307452993.\u003c\/p\u003e\n\u003cp\u003eStrippers and Flippers . . . or a New Positive Force Helping to Drive the Economy . . .\n\nThe untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into disciplined, risk-conscious investors.\nThe 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.\nBlackstone is now ready to break out once again since it is sitting on billions of dollars\nthat can be invested at a time when the market is starved for capital.\n\nThe story of a financial revolution—the greatest untold success story on Wall Street: Not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance.\n\nGreat human interest story: How Blackstone went from two guys and a secretary to being one of Wall Street’s most powerful institutions, far outgrowing its much older rival KKR; and how Steve Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s.\n\nControversial: Analyzes the controversies surrounding Blackstone and whether it and other private equity firms suck the lifeblood out of companies to enrich themselves—or whether they are a force that helps make the companies they own stronger and thereby better competitors.\n\nThe story by two insiders with access: Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson.\n\nForward-looking: How Blackstone and private equity will drive the economy and provide a model for how financing will work.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Crown Business","offers":[{"title":"Default Title","offer_id":45253614633013,"sku":"ByrdShop_0307452999","price":106.8,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780307452993_eea96bdb-c99c-4cce-a838-248a706e2890.jpg?v=1779944943","url":"https:\/\/atxbooks.com\/products\/king-of-capital-the-remarkable-rise-fall-and-rise-again-of-steve-schwarzman-and-blackstone-9780307452993","provider":"ATX Books","version":"1.0","type":"link"}