King of Capital by David Carey - ISBN: 9780307886026
Paperback
Untold story of Blackstone’s rise, Wall Street dominance, and financial revolution.

King of Capital

The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone

$34.33

  • Paperback

    400 pages

  • Release Date

    15 March 2012

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Summary

This unauthorized story by two insiders is filled with never-before-revealed details about the workings of a heretofore secretive company.

The story of Steve Schwarzman, Blackstone, and a financial revolution, King of Capital is the greatest untold success story on Wall Street.

In King of Capital, David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at …

Book Details

ISBN-13:9780307886026
ISBN-10:0307886026
Author:David Carey, John E. Morris
Publisher:Random House USA Inc
Imprint:Crown Publishing Group, Division of Random House Inc
Format:Paperback
Number of Pages:400
Release Date:15 March 2012
Weight:295g
Dimensions:203mm x 135mm x 22mm
Series:Crown Books
What They're Saying

Critics Review

“The authors … [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. In between, the book dives deeply into the firm’s signature deals — Celanese! Nalco! Distressed cable bonds! — that made Mr. Schwarzman and his partners so rich. It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm.
—New York Times DealBook

“Carey and Morris’ thorough reporting offers a compelling look into the little understood Wall Street giant and the secrets of its success.”
—Worth Magazine

“[R]anks as one of the most even-handed treatments of the industry. David Carey and John Morris … received unusual access to Blackstone… . This allowed them to chronicle the firm in full and entertaining fashion across its 25-year history.”
Bloomberg Brief – Mergers

“[A] broad history of private equity, with Blackstone as the touchstone.”
Fortune.com

“Check out “King of Capital” because it’s got gossip, it’s got brains, and it’s as readable as hell. And it’s got some really good Schwarzman stories too.”
The Deal

King of Capital aspires to be a serious portrait of Blackstone and the way that Schwarzman so brilliantly built it up, scoring numerous coups along the way and avoiding the mistakes of many competitors. And it does a fine job in what it sets out to do.”
Financial Times

“The authors link Blackstone’s history to the larger story of private equity’s expansion and its relationship to corporate America. They offer a lucid explanation of how the debt markets evolved from junk bonds to securitised loans, changing the types of deals that private-equity firms were able to finance.”
—The Economist



About The Author

David Carey

DAVID CAREY is a reporter at Bloomberg. Before joining Bloomberg, he was a senior writer for The Deal, an editor of Corporate Finance magazine, and wrote for Adweek, Fortune, Institutional Investor, and Financial World.

JOHN E. MORRIS has been a Bloomberg Brief editor, an editor with Dow Jones Investment Banker, and was for many years an assistant managing editor at The Deal in New York and London. Before that, he was an editor and writer at The American Lawyer magazine.

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