Hey, did you hear? Steve Schwarzman was in a fight with Jamie Dimon from JP Morgan and Richard Fuld, the CEO of Lehmann Brothers, after the banks refused to help Blackstone purchase-mortgage lender and vehicle fleet manager PHH, after they’d promised to. What really got Schwarzman’s goat was the fact that they did help finance Sam Zell’s purchase of the Tribune because, according to the Post, Zell is a “nice guy.” So actually it’s kind of like that part in Mean Girls, when Gretchen and Karen tell Regina she can’t sit with them at lunch because she’s wearing sweatpants, but really it’s because she’s a bitch. Anyway, Schwarzman must have realized that the rest of his
high school Wall Street career would be hell if he didn’t make up with Dimon and Fuld, so he went to see them and apologized in person, not even just over e-mail. Now everything is okay. “It seems we are friends again,” a source told the Post. “It was in nobody’s interest to carry on this p***ing contest and Stephen graciously recognized that.” Yeah, but wait till the pages of his burn book get leaked.
Steve’s Sorry [NYP]