Talk Of The Town

Great but old Article about S. Schwarzman and H. Kravis:

Topping each other’s deals—$31.4 billion! $39 billion! $45 billion!—K.K.R.’s Henry Kravis and the Blackstone Group’s Stephen Schwarzman are locked in combat at the top of the private-equity heap. The rivalry has only sharpened since Blackstone’s I.P.O. sparked public outrage over the low taxes on such vast profits. As the markets convulse. MICHAEL SHNAYERSON profiles the two men, their wives, and their lifestyles revealing the speed with which today’s newest money becomes just new