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☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
  + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +14 min
Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."
Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America
☆ MoviePass CEO: The sooner you learn to embrace failure, 'the faster you get to what works'
  + stars: | 2024-06-28 | by ( Nicolas Vega | ) www.cnbc.com   time to read: +1 min
He says it has been "remarkable to have the opportunity" to build the company back up. "It's almost biblical, it doesn't happen," Spikes tells CNBC Make It. "There's a few folkloric experiences like Steve Jobs returning to Apple or Michael Dell returning to Dell Computers when the companies were in trouble. I think MoviePass is the first time where the company had shut its doors and went down to zero, operationally." "It shows you you weren't crazy for what you were trying to build," he tells Make It.
Persons: Stacy Spikes, MoviePass, Spikes, Steve Jobs, Michael Dell Organizations: CNBC, Apple, Dell Computers, Comcast's, Labs, Spikes
☆ ‘Rip and Replace’: The Tech Cold War Is Upending Wireless Carriers
  + stars: | 2023-05-09 | by ( Cecilia Kang | ) www.nytimes.com   time to read: +1 min
The Chinese and Western-made technology will operate simultaneously until Pine Belt can completely rid its cell towers of ZTE equipment. Pine Belt is about 15 percent into its transition away from Chinese equipment and is already $5 million over the F.C.C.’s budget, Mr. Nettles said. The tower will have to hold the old ZTE and new Nokia equipment during the rip-and-replace work to prevent any service interruptions. As Mr. Nettles parked near the tower, a customer in Selma called to complain that his cell service was cutting in and out. The customer was between one tower with ZTE equipment and another with Nokia equipment.
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