Long or Short Capital

Stephen Schwarzman is clearly a d-bag. Some evidence from recent NYT and WSJ articles:

When he pursues deals as the chief executive of Blackstone Group, he says, he wants to “inflict pain” on and “kill off” his rivals.

Buddy, you put together deals with other d-bags and the most lethal weapon at your disposal is your Montblanc. You are not a warrior so give it a break.

Mr. Zeugin says he often spends $3,000 for a weekend of food for Mr. Schwarzman and his wife, including stone crabs that cost $400, or $40 per claw. (Mr. Schwarzman says he had no idea how much the crabs cost.)

I like to eat as much as the next guy but unless Thomas Keller is your personal chef, I can’t fathom spending $3k per weekend on food. Also, if you’re spending $400 on stone crabs for lunch every day, own it and embrace your d-bagness.

When Blackstone colleagues prepared a video tribute, he sought to squelch any roasting, asking his peers not to poke fun at him.” You have your colleagues prepare a tribute video and don’t even let them poke a little fun? Sheesh.
-”During his acceptance speech for the “Legend in Leadership Award,” Mr. Schwarzman took a call on his cellphone. “There’s a crisis going on,” he told the audience.”

Leadership is waiting until the end of your Leadership Award acceptance speech to take a phone call.

But it’s nice to see that the D-bags Who Run Our Country (Congress) have decided to rain on Stevie’s parade.

Two United States senators last night introduced legislation that could significantly increase taxes on publicly traded private equity firms and hedge funds.

Ooops.

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