The man with the golden touch.
If old phones could talk, the one that Paul J. Taubman carries around in his pocket could tell several trillion dollars worth of Wall Street stories.
Bloomberg News reports that black Samsung flip phone, which Taubman has relied on since the early 2000s because of its superior sound quality and long battery life, has helped him pull off a long list of deals from Pfizer’s $64bn takeover of Wyeth to Verizon Communications’ $130bn buyout of Vodafone’s wireless stake. His three-decade run, at Morgan Stanley and then on his own, turned Taubman into one of the most successful mergers-and-acquisitions artists of all time.
Now, that phone will be working to enrich a new master on a new high-stakes job just as deepening turmoil in global markets threatens the M&A boom. The 54-year-old dealmaker is combining his own startup, PJT Partners, with the mergers and restructuring businesses of Blackstone, the private-equity giant headed by Stephen Schwarzman.
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