Stephen Schwarzman

Stephen Schwarzman News

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  Blackstone Targets Bulging Corporate Coffers Via New Unit

  Blackstone Group LP, the world’s largest private-equity firm, is taking aim at the $5.4 trillion of cash on corporate balance sheets in the U.S. and Europe as regulators weigh changes that may reduce the appeal of money- market funds.

• Blackstone Shares Jump Most in Three Months on Expansion

  Blackstone Group LP, the world’s biggest private-equity firm by assets, rose the most in three months as executives highlighted plans for expansion and said fees for managing client money are rising.

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  Blankfein Said to Be Among CEOs Meeting Lew on Economy

  U.S. Treasury Secretary Jacob J. Lew met today with about 40 corporate and finance executives including Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein, Loews Corp. CEO James Tisch and Lazard Ltd. CEO Kenneth Jacobs to discuss the global economy, a person who attended the meeting said.

• Lew to Meet Bank Executives as Series of Policy Talks Begins

  U.S. Treasury Secretary Jacob J. Lew will meet tonight with Wall Street executives after convening several economists earlier this week to discuss challenges facing the labor market including long-term unemployment.

• Schwarzman Says Firm’s Holdings to Hire 50,000 Veterans

  Stephen Schwarzman, chief executive officer of Blackstone Group LP, said the world’s biggest private-equity firm will hire 50,000 U.S. military veterans in its portfolio companies by 2018.

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  Apollo Said to Near $5 Billion Closing for Buyout Fund

  Apollo Global Management LLC, the private-equity firm run by Leon Black, is close to securing at least $5 billion for its latest flagship fund, according to two people with knowledge of the matter.

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  Blackstone Chief Starts $300 Million China Scholarship

  Stephen Schwarzman, the billionaire chairman of Blackstone Group LP, is setting up a $300 million scholarship for foreign students to attend China’s Tsinghua University, the alma mater of senior officials including President Xi Jinping.

• Blackstone’s Schwarzman Says China’s Growth Still Rapid for Size

  Blackstone Group LP Chairman and Chief Executive Officer Stephen Schwarzman comments on the pace of growth in China and Japan’s steps to stimulate its economy.

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  Blackstone Says ‘Anemic’ Economy May Drag on Investing

  Blackstone Group LP, the world’s biggest buyout firm, said first-quarter profit rose as market gains lifted the carrying value of its holdings. The shares fell after the company said a lackluster economy may curtail investing.

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  Blackstone’s Schwarzman Got $213.3 Million as Profit Rose

  Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group LP, received $213.3 million in pay and cash dividends last year, the private-equity firm reported yesterday in a filing, almost matching his payout of $213.5 million a year earlier.

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Quote

• "Men and women who have served our country, often on foreign soil, sadly find a struggling economy and fewer jobs upon their return."

  - Stephen Schwarzman on Apr 30, 2013

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Stephen Schwarzman Videos

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• Blackstone's Schwarzman on Rising Food Prices