Blackstone CEO Schwarzman Says US Needs New Generation of Political Leaders

Blackstone Inc. Chief Executive Officer Steve Schwarzman said the US needs a new raft of leaders in both political parties.

“I think we need to move on for both parties to the next generation of leaders,” Schwarzman, 75, said in an interview with Bloomberg’s Wall Street Week at the World Economic Forum in Davos. “I think it’s important that, you know, particularly on the Republican side. We’ve had a series of four losses in a row: the 2018 mid-terms, the presidential in 2020, the special Georgia election which actually was in 2021, the mid-terms in 2022. I think the public has spoken and would like to see a change.”