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Stock impact report

Blackstone CEO’s Leadership Lesson: Think Big and Never Give Up [Fortune]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Fortune
Pinterest Stephen Schwarzman says people have been asking him for years how he built Blackstone Group into one of the world's most successful investment firms. So he finally decided to write a book on how he did it. He calls it, quite simply, What It Takes "It takes enormous tenacity," he tells me. "The ability to sustain failures. The ability to learn from failure. The ability to have a big dream." Certainly, Schwarzman and Pete Peterson, had a big dream when they co-founded Blackstone in 1985 as a new, boutique investment firm. They wanted to start big by raising $1 billion for their first private equity fund. Peterson had been U.S. Commerce Secretary under President Nixon and then the powerful Chairman of Lehman Brothers and Schwarzman was the firm's brilliant, successful deal maker. But despite all their fame and vast network of Wall Street connections, they struggled to raise the funds. "The rejections were horrible and humbling," Schwarzman recalls. But they kept making sales Show less Read more
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