Failure is not an option.
Stephen Schwarzman, the billionaire chairman of Blackstone Group, is setting up a $300m scholarship for foreign students to attend China’s Tsinghua University, the alma mater of senior officials including President Xi Jinping.
Blackstone Group has hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman Sachs have had mixed results.
Blackstone Group CEO Steve Schwarzman spoke with Bloomberg Television's Erik Schatzker today from the World Economic Forum in Davos, Switzerland and said that Blackstone 'did not look at Dell'.
John Studzinski, senior managing director of Blackstone Group LP, talks about the outlook for mergers and acquisitions in 2012 and employment.
Here's a note of 11 firms that have made their mark on the financial markets and were founded less than 30 years ago.