Business · Companies · 2 hrs ago
Stephen Schwarzman left Lehman Brothers and founded Blackstone
American Express acquired Lehman Brothers in 1984.
Stephen Schwarzman left Lehman the following year.
He went on to found Blackstone.
Until then, he had not thought of himself as an entrepreneur.
His move marked a shift from working at a Wall Street firm to starting a business of his own.
The account does not say what happened next.
Stephen Schwarzman left Lehman Brothers and founded Blackstone in 1985.
American Express had acquired Lehman Brothers in 1984.
Schwarzman said he had not previously thought of himself as an entrepreneur.
The account was published by Nikkei Asia on October 12, 2026.
- Who
- Stephen Schwarzman.
- What
- He left Lehman Brothers and founded Blackstone.
- When
- In 1985, the year after American Express acquired Lehman Brothers.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The following year I left to found Blackstone, though until then I had never thought of myself as an entrepreneur.
American Express acquired Lehman Brothers.
Schwarzman left Lehman Brothers and founded Blackstone.
- Lehman Brothers acquisition
- American Express acquired it in 1984
- Departure and founding
- Schwarzman left Lehman Brothers and founded Blackstone in 1985
- Article publication
- Nikkei Asia, October 12, 2026
Sources
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