The CEO Series: Steve Schwarzman
He’s one of the most powerful businessmen in the world. On Oct. 8, The Washington Post Live hosted Blackstone Group Chairman, CEO and Co-founder Stephen A. Schwarzman for a one-on-one interview about his best-selling new book, "What It Takes: Lessons in the Pursuit of Excellence."
Highlights
Blackstone Group Chairman, CEO and Co-founder Steve Schwarzman said he believes the protests in Hong Kong have made a trade deal between the U.S. and China ‘more likely.” “China is facing a lot of significant issues. And Hong Kong, because it has some link with Taiwan in terms of the Taiwanese watching what’s going on in Hong Kong, it’s like that’s in the super important category. Trade, everybody knows what they can do or not. So I don’t think trade is hard. They control the outcomes of trade. I’m not sure who controls the outcomes of Hong Kong.”
  • Oct 8
When asked whether he thinks Congress will approve NAFTA2/USMCA, Blackstone CEO Steve Schwarzman said while he doesn’t know what Congress will do, he believes the deal should be approved because it’s in the “interest of the United States.” ‘There’s a bunch of improvements from the previous NAFTA, and so why would you want to go back to something that isn’t as good…’
  • Oct 8
When asked whether he thinks China’s President Xi wants to make significant economic reforms, Blackstone CEO and Co-founder Steve Schwarzman said change will take some time. ‘I think nobody just drops a system, and so you’re going to have, over time, changes, but having them instant is not going to happen.’
  • Oct 8
Blackstone CEO Steve Schwarzman believes raising the minimum wage would help address income inequality. “I’ve been thinking about this a lot because we’ve got to address this problem. And I think you first of all have to start by increasing the minimum wage to probably $15…that’s about 15 percent of the workforce, and it would be an increase that was very substantial for them.“
  • Oct 8
In his book ‘What It Takes: Lessons in the Pursuit of Excellence,’ Blackstone CEO Steve Schwarzman says some of the missteps he made early in his career helped shape him into the businessman he is today. ‘I never give anybody anything that isn’t perfect.’
  • Oct 9
Steve Schwarzman
Chairman, CEO and Co-Founder, Blackstone Group
Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with $545 billion Assets Under Management (as of June 30, 2019). Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985. The firm has established leading investing businesses across asset classes, including private equity, where it is a global leader in traditional buyout, growth equity, special situations and secondary investing; real estate, where it is currently the largest owner of property in the world; hedge fund solutions, where it is the world’s largest discretionary hedge fund investor; and credit, where it is a global leader and major provider of credit for small, middle-market and other companies. Blackstone has also recently launched major new businesses dedicated to infrastructure and life sciences investing, as well as delivering the firm’s investment management expertise and products to insurance companies.
Interviewed by Michael Duffy
The Washington Post
About Washington Post Live
Washington Post Live is the newsroom’s live journalism platform. Top-level government and business leaders, emerging voices and newsmakers discuss the most pressing national and global issues of the day.