Blackstone Preparing for Steve Schwarzman’s Retirement

The Blackstone Group L.P. (NYSE:BX) is reportedly in the throes of succession planning, in the event of the departure,  of its top functionary, founder and CEO Stephen Schwarzman, reports FINalternatives, citing CNBC, who in turn attributes the information to insiders with direct knowledge of the matter.

According to CNBC’s report, Stephen Schwarzman is preparing six candidates for taking over the reins at The Blackstone Group L.P. (NYSE:BX) in the event of his departure.

Tom Hill is currently head of Blackstone Alternative Asset Management, the hedge fund business. He is 63 years old and a Harvard...