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• Blackstone founders Stephen Schwarzman and Pete Peterson shot up 30 places to No. 4 in Vanity Fair’s annual ranking of “The New Establishment.” Henry Kravis, who made the list for the first time, will have to console himself with No. 51. [VF, DealBook/NYT]
• Maybe CEOs aren’t all automatons after all: Scholars found that the death of a child or wife typically results in a 15 to 20 percent hit on profits — though the death of a mother-in-law often means good news for business. Let’s just hope they’re not confusing cause and effect, here. [WSJ]
• Beat this, Spence girls: The daughter of Qwest CEO Edward Mueller gets free use of the corporate jet to help ferry her from Denver to California for high school. [DealBook/NYT]