King of Capital

<b>The story of Steve Schwarzman Blackstone and a financial revolution <i>King of Capital</i> is the greatest untold success story on Wall Street.</b> <p/> In <i>King of Capital</i> David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers hostile-takeover artists and 'barbarians at the gate' into disciplined risk-conscious investors while the financial establishment--banks and investment bankers such as Citigroup Bear Stearns Lehman UBS Goldman Sachs Merrill Lynch Morgan Stanley--were recklessly assuming risks leveraging up to astronomical levels and driving the economy to the brink of disaster. Now not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe but they have emerged as a major force on Wall Street challenging the likes of Goldman Sachs and Morgan Stanley for dominance. <b> </b> <p/>Insightful and hard-hitting filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson <i>King of Capital</i> shows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.