Publisher’s summary
The financial establishment—banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley—were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster. In King of Capital, David Carey and John E. 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. This is 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. And since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital, Blackstone is now ready to break out once again.
Insightful and hard-hitting, King of Capital is filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Steve Schwarzman and Peter Peterson. A great human interest story, as well, it tells 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 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.
Asher Peterson –
The detailed exploration of engaging and thought-provoking content made it a very enjoyable experience. The interface is so user-friendly, and I never faced any issues during playback.
Anthony Stewart –
The balance between detail and entertainment in the discussion of engaging and thought-provoking content was perfect. The seamless experience provided by the platform made listening even better.
Lincoln Mendoza –
The audio production was top-notch, making the exploration of engaging and thought-provoking content very enjoyable. I’m also very happy with the platform itself—it made finding and purchasing this audiobook so simple.
Jaxon Wood –
I appreciated the depth and clarity provided in discussing engaging and thought-provoking content. The process of getting this audiobook was seamless. The site is easy to navigate, and the audio quality is superb!
Leo Peterson –
The narrator did a great job conveying the themes of engaging and thought-provoking content, making it easy to follow. I am also impressed with how well-structured and easy to use the website is.
Joshua Green –
The emotional tone when describing engaging and thought-provoking content was spot on, adding depth to the story. The website also provided a great experience—everything from browsing to playback was straightforward.
Mason Adams –
I thoroughly enjoyed the descriptive approach to engaging and thought-provoking content. The narrative really brought it to life, and the smooth playback on the website made it even more enjoyable. Great job!
Nicholas Ruiz –
Excellent narration and pacing, making the engaging and thought-provoking content even more immersive. The clear sound and the ease of accessing the book on this platform really stood out for me. Highly recommend both the audiobook and the service!
Owen Ward –
The way the engaging and thought-provoking content was narrated kept me interested throughout. I must also mention how great the platform’s service is—clear sound and simple navigation, couldn’t ask for more.
Mateo Adams –
I found the portrayal of engaging and thought-provoking content to be very thought-provoking. The process of purchasing and accessing the book was also incredibly smooth. Great service!
Isaiah Moore –
Amazing storytelling that captured the essence of engaging and thought-provoking content perfectly. The voice acting added so much depth to the characters, and I was impressed with how smoothly the download went on this platform.
Ezekiel Morgan –
I found the content to be incredibly well-researched and detailed, particularly around the engaging and thought-provoking content. The quality of the audio was exceptional, and I loved how seamless the whole process was from purchase to listening.
Angel Harris –
Great experience overall, particularly the way the engaging and thought-provoking content was portrayed. I loved how easy it was to purchase and start listening, and the audio quality was crystal clear.
Ezekiel Diaz –
The approach to explaining engaging and thought-provoking content was refreshing and insightful. This platform really provides the best experience—it was so easy to access and enjoy the audiobook.
Angel Turner –
The narration was highly engaging, especially when delving into the engaging and thought-provoking content. I felt like I was truly there, experiencing every moment first-hand. The website’s interface made it super easy to find and start listening, which I really appreciate.
Adrian Young –
The storyline had me hooked, especially with the focus on engaging and thought-provoking content. The website’s service was excellent, from easy checkout to flawless playback quality.