Extended Audio Sample

King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone Audiobook (Unabridged)

Extended Audio Sample King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone (Unabridged), by John E. Morris
3 out of 53 out of 53 out of 53 out of 53 out of 5 0 (175 ratings) (rate this audio book) Author: John E. Morris Narrator: George K. Wilson Publisher: Tantor Format: Unabridged Audiobook Audio Length: Release Date:
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The financial establishment---banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley---were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster. In King of Capital, David Carey and John E. 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. This is the greatest untold success story on Wall Street. 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. And since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital, Blackstone is now ready to break out once again.

Insightful and hard-hitting, King of Capital is filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Steve Schwarzman and Peter Peterson. A great human interest story, as well, it tells how Blackstone went from two guys and a secretary to being one of Wall Street's most powerful institutions---far outgrowing its much older rival KKR---and how Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s.

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Listener Reviews

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Marc | 8/11/2013

    " Good history of Blackstone and the Private Equity world (at least in the US). "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Review by Joanna | 7/10/2013

    " Great history of PE - relevant, current, focused on Blackstone but also discusses competitors when relevant. Felt a little long winded and disorganized, and I wouldn't read it again. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Brentley Campbell | 3/7/2013

    " Great walk through of some of the history of private equity "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Nicholas | 2/25/2013

    " Super fun read. Very interesting look into the history of private equity, with decent profiling of the larger-than-life personalities involved. The level of detail and context was nowhere near the depth of Barbarians at the Gate though. "

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