Transmission Wire

If you have not come across Stephen A. Schwarzman, you must have been hiding below a rock for the last couple of years. Forbes named him as the fifty-third most well-off person in the United States in 2008, but it’s not money that makes this story intriguing but in addition his undreamt of rise to power in the business industry and his generosity to society. This goes to show that the keys to financial success are indeed hard work plus indefatigable dedication. In 1985 Stephen founded the Blackstone Group with Peter Peterson, in its early days it was a private-equity and financial advice firm. More recently, it has set the pace in m&a; but he didn’t start out heading his own venture.

Stephen spent his childhood in the state of Pennslyvania. He graduated from Abington Senior High School; his next step was to acquire his degree from the legendary Connecticut University, Yale in 1969. He opted to further his business education at the prestigious Harvard Business School, graduating in 1972. After completing his post-graduate degree, Stephen commenced his job at Lehman Brothers. By the extremely young age of 31, he was already one of their managing directors.

Stephen Schwarzman gives to a variety of liberal arts as well as serving as an associate professor at the esteemed Yale School of Management. He serves as the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York, NY. On top of all that, he proudly announced in March of 2008 that he had presented 100,000,000 dollars to the New York Public Library to help them extend. Stephen is also one of the trustees of the library. Stephen Schwarzman is an inspiration to a new generation of business people - last year he was described as one of Time Magazine’s 100 Most Influential People in the World in recognition of his numerous accomplishments and influence in the business world in general. His mastery of the business and financial communities has certainly been miraculous, not to mention the fact that his continual support of the arts and education has encouraged the business community at large. It would seem that at the moment, Stephen can do no wrong. In summary, Stephen has made a tremendous difference to the business and financial communities and the world as a whole.