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September 5, 2008 9:24:56 AM CDT

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Stories related to: Stephen Schwarzman

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5 Stories

  • March 2008

    • Landmark NY Library to Be Renamed for Donor

      New York Times  |  Mar 11, 08 3:30 AM CDT

      Landmark NY Library to Be Renamed for Donor

      (Newser) - Following the style of sports stadiums, Manhattan's stately beaux arts library on Fifth Avenue will be renamed for a key contributor to a billion-dollar expansion of the library system. Private equity king Stephen Schwarzman is giving the library $100 million from his several-billion-dollar fortune, reports the New York Times . Schwarzman, 61, chief executive of the Blackstone Group, says renaming the landmark building—with plans to etch his moniker into the facade—was not his idea. More »

      Tags

      Blackstone Group  • expansion  • Stephen Schwarzman  • rebuilding  • Lincoln Center  • New York City Ballet  • Museum of Modern Art

  • October 2007

    • Blackstone Pushes to Delay Tax Increase Bill

      Bloomberg  |  Oct 23, 07 12:40 PM CDT

      Blackstone Pushes to Delay Tax Increase Bill

      (Newser) - If Blackstone and other buyout firms can't kill a proposed bill that would increase their taxes, they'll try for a 10-year delay in enacting it. Under pressure from lobbyists, lawmakers are discussing doubling the proposed 5-year grace period, Bloomberg reports. The legislation, introduced before Blackstone went public in June, has been the target of over $5 million worth of lobbying by private equity firms. More »

      Tags

      private equity firms  • Charles Grassley  • Max Baucus  • Stephen Schwarzman  • buyout firms  • Blackstone

  • June 2007

    • KKR Joins IPO Party

      Wall Street Journal  |  Jun 22, 07 9:05 AM CDT

      KKR Joins IPO Party

      (Newser) - Corporate raiders Kohlberg Kravis Roberts & Co. have announced an initial public offering , on the heels of a wildly successful $34B IPO by rival Blackstone yesterday. The mammoth LBO group, whose boss Henry Kravis maintains a well known rivalry with Blackstone's Stephen Schwarzmann, waited to make sure Blackstone swam before making the announcement. More »

      Tags

      private equity  • taxes  • IPO  • investors  • Blackstone Group  • KKR  • finances  • Stephen Schwarzman  • Henry Kravis

    • Blackstone IPO Payouts Will Eclipse Google

      Wall Street Journal  |  Jun 12, 07 5:32 AM CDT

      Blackstone IPO Payouts Will Eclipse Google

      (Newser) - Huge windfalls due the top executives of the Blackstone Group from their IPO late this month will eclipse even the payday enjoyed by the Google founders three years ago, the Wall Street Journal reports. CEO Stephen Schwarzman will make $677 million and retain a $7.5 billion stake in the company—more than double that of Sergey Brin and Larry Page. More »

      Tags

      IPO  • Blackstone Group  • Stephen Schwarzman  • Pete Peterson

  • May 2007

    • China to Buy $3B Stake in Blackstone

      Financial Times (UK)  |  May 21, 07 7:18 AM CDT

      China to Buy $3B Stake in Blackstone

      (Newser) - The Chinese government will buy a 9.9% stake in Blackstone, the US private equity fund that's about to launch its IPO. The $3 billion purchase of nonvoting shares, the first time China has invested its enormous foreign reserves in commercial stock, is meant to exploit a private equity market booming almost as much as China itself. More »

      Tags

      China  • business  • private equity  • IPO  • Blackstone Group  • stock  • Stephen Schwarzman

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