Private-equity billionaire says regs should be global, streamlined
(NEWSER) - With the world in “the worst financial crisis in recent memory,” private-equity billionaire Stephen Schwarzman advocates seizing the opportunity to prevent a repeat. In an op-ed piece in the Wall Street Journal, the Blackstone CEO, who pocketed $677 million from the firm’s IPO last year, calls for global accounting principles, more cooperation between regulatory regimes worldwide and, of all things, more transparency at financial firms. More»
