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King of Capital by David Carey & John E. Morris
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King of Capital

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

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Narrator George K. Wilson

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Length 14 hours 43 minutes
Language English
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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 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.

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, King of Capital shows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.

David Carey is a senior writer for the Deal, a news service and magazine covering private equity and mergers and acquisitions. Before joining the Deal, he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World. David has followed the buyout industry for more than fifteen years. He is a frequent guest on CNBC and is often quoted about private equity in the general business press.

John E. Morris is an editor with Dow Jones Investment Banker. For many years prior to that, he was an editor and writer at the American Lawyer magazine and then an assistant managing editor at the Deal in New York and London.

George K. Wilson has narrated over one hundred fiction and nonfiction audiobook titles, from Thomas L. Friedman to Thomas Pynchon, and has won several AudioFile Earphones Awards. He spent ten years in broadcast news, including for the American Forces Radio and Television Service and for rock radio in San Diego and Los Angeles. An American Academy of Dramatic Arts, West, graduate, his acting career includes stage, film, television, commercials, improvisational comedy, and stand-up. George has written and performed in over five hundred nationally syndicated short news satire features for public radio and NPR and has received a national Corporation for Public Broadcasting Gold Award for Best Public Service Program. He has also scripted and hosted corporate videos for Sony, Merck, IBM, and Price Waterhouse. He is currently working on a suspense short story collection and a thriller novel.

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Reviews

"[King of Capital] ranks as one of the most even-handed treatments of the industry." ---Bloomberg Brief: Merger Expand reviews
Celebrate indie bookstores with our limited-time sale! Shop the sale