From Dealbreaker, apropos of Kinsley’s great Blackstone column: Writing about Wall Street for Time Magazine is a bit like writing about Williamsburg nightlife for the New York Times. Most of your readers have no idea what you’re talking about, so you can get away with almost anything. It probably gets a bit frustrating to know [...]
Sales of existing homes were up sharply in February. But don’t expect that to keep up. “All those involved in the real estate market would like to say this is proof the real estate market has turned around,” says Bill Hampel. “I think it’s an aberration.” I was on the phone with Hampel, the chief [...]
Michael Kinsley weighs in on the Blackstone IPO in the new issue of Time, and he does it very entertainingly. It’s basically a much-improved redo of a Slate column he wrote in November that I took to task in this here blog. This time I don’t really see anything to take Kinsley to task over. [...]
In its preliminary IPO prospectus, private equity firm Blackstone Group said it will henceforth pay billionaire bossman Stephen Schwarzman a salary of just $350,000 a year (don’t worry, he’ll have a few other sources of income). Anyway, in my post yesterday I described this as “just the money he uses to tip coat-check ladies.” Meanwhile, [...]
