Thursday, April 16, 2015

Exasperation in Three Acts: Act 3 -- The New York Times Buffs Steve Schwarzman’s Image

Exasperation in Three Acts:  Act 3 -- The New York Times Buffs Steve Schwarzman’s Image

When I flipped open the business section this morning, there was Steve Schwarzman, Chairman of Blackstone, lounging on a dormitory bed at Tsinghua University in Beijing.[1]  The article portrays Mr. Schwarzman as some sort of superhuman who can simultaneously oversee the huge General Electric real estate transaction announced earlier this week and delve into the details of the Chinese scholarship program that bears his name. 

I am disappointed in The New York Times.  There’s no news value in this story.  Mr. Schwarzman doesn’t need or deserve free publicity.






[1] http://www.nytimes.com/2015/04/16/business/dealbook/despite-challenges-of-ge-deal-blackstones-schwarzman-kept-a-focus-on-scholar-program.html?ref=topics

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