Friday, January 13, 2012 at 1:22PM You would have gotten fired just 10 years ago if you'd proposed to do what Blackstone just did!
It’s both surprising and—in some ways, at least--not surprising to learn about what a prominent firm did this week in the way of making a fancy maneuver to avoid a possible future bullet aimed at it. Likely prompted by the rough political charges of Mitt Romney’s high-office rivals that he and Bain Capital used to work as bad guys in the world of commerce, the management of the Blackstone Group took preemptive measures to calm their own nerves: that for whatever reason, sometime, somehow, someone will decided to portray their firm as a shifty operation.