financiers

Rich Guys Can't Stop Throwing Zillion-Dollar Birthday Parties as America Crumbles

Hamilton Nolan · 08/19/11 11:04AM

No matter how many billions of dollars he accumulates, private equity billionaire Steven Schwarzman will never live down his ultra-lavish 60th birthday party in 2007, which now stands as one of the ultimate symbols of the excesses of the pre-recession gilded age of finance, and also of how Steve Schwarzman is a pretty unwavering prick. How are the finance titans of these post-recession times demonstrating that they learned their lesson. They're not! Trick question.