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151. Voices of CEO excellence: Blackstone’s Stephen Schwarzman

Inside the Strategy Room

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The Art of Resource Allocation

In his book, "25 Rules I Know," Stephen Schwarzman says he doesn't think Blackstone is risk-takers. He believes the key to success in business is finding people who can do a job that's going to be profound and move the needle. The company has gone from hiring around one half of 1% when it first started; now they're hiring more than 10%.

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