- A previous spinoff didn't do too badly, says Blackstone (BX -4.8%) President Tony James, speaking on the company earnings call about the planned spinoff of the P-E firm's advisory business. The "previous spinoff?" BlackRock.
- Paul Taubman - who will head the advisory operation post-spin - is a "rock star investment banker," says James.
- Webcast and presentation
- Previously: Blackstone misses by $0.06, beats on revenue