An interview and Q&A with Billionaire private equity giant, Stephen Schwarzman. In this interview Stephen talks about his motivations for setting up his own firm and his early experience in the world of finance. Later on Stephen takes questions from the audience on a wide range of topics.
Video Segments:
0:00 Introduction
0:21 How did you become a managing director at Lehman brothers at 31?
4:05 The motivation to set up your own firm?
5:33 Did you ever imagine you would be so successful?
6:42 Views on the revolving door between Washington and Wall Street?
8:23 How to kill off the other bidder?
10:09 Is it still possible in America for son of a dry goods retailer to become a billionaire?
13:15 Your biggest failure in business?
17:56 How to stay focused when in possession of so much money?
20:03 Why create the Schwarzman scholars?
26:57 Should the USA fear China’s rise?
29:26 Start of Q&A
29:38 What are you steps through a Merger and Acquisition?
33:54 Getting your first job?
43:12 Change in financial service industry?
48:08 Schwarzman scholars faced problems from the Chinese government?
54:45 Sources of funding now investing directly into companies?
Interview Date: 15th December, 2016
Event: Oxford Union
Original Image Source:http://bit.ly/SSchwarzmanPic
