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Quote by Stephen A. Schwarzman

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Stephen A. Schwarzman
Stephen A. Schwarzman

Stephen A. Schwarzman, born on February 14, 1947, is an accomplished business magnate from the United States. Known for his exceptional business acumen and leadership, he has achieved remarkable success in the financial industry. As the co-founder, chairman, and CEO of The Blackstone Group, one of the world's largest private equity investment firms, Schwarzman has made a significant impact on the global financial landscape. more

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“Contrast 1968, when the CEO of General Motors took home, in pay and benefits, about sixty-six times the amount paid to a typical GM worker. Today the CEO of Wal-Mart earns nine hundred times the wages of his average employee. Indeed, the wealth of the Wal-Mart founder's family in 2005 was estimated at about the same ($90 billion) as that of the bottom 40% of the US population: 120 million people.”