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Keyword: privateequityfirms

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  • Schwarzman likens Bam to Hitler over taxes

    08/17/2010 3:09:02 AM PDT · by Scanian · 10 replies
    NY Post ^ | August 17, 2010 | MARK DeCAMBRE
    Steve Schwarzman, billionaire head of buyout giant The Blackstone Group, shocki , shockingly likened President Obama's threat to impose higher taxes on private equity firms to Adolf Hitler's invasion of Poland. "It's a war," declared Schwarzman, speaking at a private board meeting of a nonprofit organization. "It's like when Hitler invaded Poland in 1939." Schwarzman's over-the-top comments reportedly stunned those in attendance. Yesterday, Schwarzman said he was sorry about his choice of words, but he wasn't backing away from the issue. "I apologize for what was an inappropriate analogy," he said. "However, the fundamental issue of the administration's need to...