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David Rubenstein

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Condoleezza Rice and Martin Scorsese Go Way Back, Didn't You Know?

FINANCE • Stephen Schwarzman, Lloyd Blankfein, and David Rubenstein got down with Bush, Condi, and friends (including Martin Scorsese?!) at this year's Kennedy Center Honors. [NYP] • Barron Hilton decided to donate almost his entire $2.3 billion fortune to the family foundation, including the proceeds from the recent sale of Hilton Hotels and Harrah's casinos. Does this mean we'll have to stop calling Paris an heiress? [NYT] • If private equity is the smart money on Wall Street, then why have Blackstone's shareholders lost so big? The Times gives the easy answer: "What Wall Street is about is smart guys thinking about ways to make money from dumb ones." Good work, Steve Schwarzman! [NYT]