Wall Street's young guns

Blackstone has a rep for growing young talent. Steve Schwarzman's strategy: managing overachievers

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How Blackstone grooms talent
How Blackstone grooms talent

Plenty of young guns work away at the big banks, but the Blackstone Group gives autonomy and power to its rising stars to such a degree that it has garnered a reputation as one of Wall Street's most effective talent incubators.

Consider Jonathan Gray. At age 37 he led Blackstone's largest-ever real estate deal and the biggest buyout of its day, the $39 billion Equity Office Properties deal. In meetings, the youngest associates must opine on deals first, and it's not unusual for them to go toe-to-toe with a Wall Street veteran like president Tony James. Here's how the firm creates a culture where risk taking is the norm, followed by five fresh-faced stars that have made names for themselves at the firm and on the Street.

NEXT: Stephen Schwarzman
Last updated October 15 2010: 2:41 PM ET
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