Wall Street's young guns

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

1 of 7
BACKNEXT
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
Full List: Top 40 Meet this year's class of youthful movers and shakers. They're innovating, they're expanding, and they're not really thinking about the recession. More
40 under 40 cut looseWhere can you find these ambitious ones when they are not in the spotlight? Photographer Jeff Minton captured a selection of this year's 40 under 40 in their natural habitats. More
Where is the economy heading? This year's innovators offer their economic predictions for the next few years and beyond. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.