Blackstone CEO - Page 2

legion · 06-22-2007, 08:08 PM

I have a different take on Blackstone.

They were private to limit their exposure to outside influences. They were focused and undistracted--and did what they did extremely well.

Why would they invite the headaches of public ownership? IMO, they are out of ideas and it is time to cash in.

kstar · 06-22-2007, 08:09 PM

He paid $1,155,000,000 in taxes and someone is p.o'd that he made too much money?

Give me a break.

Kurt

gwl123 · 06-22-2007, 08:10 PM

I pay my FAIR share in taxes not 15% btw. Maybe I should hire some lawyers and accountants for my tax reduction liability on my $40k meager earnings lol.

Joeaksa · 06-22-2007, 08:11 PM

Quote:

Originally posted by on-ramp
ok, so this guy deserves 7.7 Billion for his accomplishments. did he find a cure for cancer?

Does not matter what he did, others are ready to pay him for his work and thats enough.

GET OVER IT. YOU WERE NOT AS SMART AND HE IS WALTZING TO THE BANK!

Joeaksa · 06-22-2007, 08:12 PM

Quote:

Originally posted by gwl123
I pay my FAIR share in taxes not 15% btw. Maybe I should hire some lawyers and accountants for my tax reduction liability on my $40k meager earnings lol.

Now you are getting smarter. You and I used the same frigging tax laws that he is using. He used them better and to his advantage. You did not but thats no reason to harpoon him.

lendaddy · 06-22-2007, 08:12 PM

Quote:

Originally posted by on-ramp

ok, so this guy deserves 7.7 Billion for his accomplishments. did he find a cure for cancer?

It's just a difference in philosophy. Unless this man has taken it from me or someone else unlawfully, it's none of my business how he made it.

red-beard · red-beard's Garage

Quote:

Originally posted by on-ramp
ok, so this guy deserves 7.7 Billion for his accomplishments.

Who ever bought his company, believes there is even more to be made.

on-ramp · 06-22-2007, 08:18 PM

Quote:

Originally posted by Joeaksa

GET OVER IT. YOU WERE NOT AS SMART AND HE IS WALTZING TO THE BANK!

Money never makes a man.

lendaddy · 06-22-2007, 08:19 PM

Quote:

Originally posted by on-ramp
Money never makes a man.

And ironically you're the one concerned about it.

on-ramp · 06-22-2007, 08:20 PM

Quote:

Originally posted by Joeaksa
Now you are getting smarter. You and I used the same frigging tax laws that he is using. He used them better and to his advantage. You did not but thats no reason to harpoon him.

you think someone who makes 40K will have that extra 2K lying around to hire an accountant and a lawyer? .it's HR Block all the way, pay 30 bucks and be done.

Joeaksa · 06-22-2007, 08:20 PM

Quote:

Originally posted by lendaddy
And ironically you're the one concerned about it.

Boy aint that the truth! +1000%

Racerbvd · Racerbvd's Garage

Quote:

Originally posted by on-ramp
people who live in poverty do not necessarily "choose to suck off of the system instead of getting a job and working to get ahead." granted , those types of people exist. however, some families just can't do it, for one reason or another.
ok, so this guy deserves 7.7 Billion for his accomplishments. and only pays 15% in taxes. fine. no more arguing from me.

I'm sorry, anyone can make money, it is what you do with it. And yes, a good bit of those who live in poverty do choose it, by how they choose to live their lives, the choices they make, that keeps them in poverty. To be poor in America, you have to be stupid!!!

on-ramp · 06-22-2007, 08:23 PM

btw, 1 Billion dollars is 999 Million dollars plus 1 Million.... so 7.7 X that will give you 7.7 Billion.

that's a lot of money, the US spends about 8 Billion a month in Iraq. so given that, to make that much in 1 day is nothing short of insane.

gwl123 · 06-22-2007, 08:25 PM

How can I really reduce my taxes? Not much I can do and not much of a difference I'll get back. I'm not gonna risk going back into the market. Anyway how many here have lost money when the stock market dropped in 2001? Btw I'm not a Liberal.

Joeaksa · 06-22-2007, 08:26 PM

Quote:

Originally posted by on-ramp
btw, 1 Billion dollars is 999 Million dollars plus 1 Million.... so 7.7 X that will give you 7.7 Billion.

that's a lot of money, the US spends about 8 Billion a month in Iraq. so given that, to make that much in 1 day is nothing short of insane.

Wondered how long it would take.

You cannot argue the points you brought up in the beginning so now you fall back on the war in Iraq.

Its all Bush's fault huh? I really feel sorry for you.

Joeaksa · 06-22-2007, 08:29 PM

Quote:

Originally posted by gwl123
How can I really reduce my taxes? Not much I can do and not much of a difference I'll get back. I'm not gonna risk going back into the market. Anyway how many here have lost money when the stock market dropped in 2001? Btw I'm not a Liberal.

We all lost money initially but I made a lot afterwards by buying stocks that I felt would raise in value. Later on the market rebounded and I made a bundle.

Talk with someone good with taxes to reduce your taxes. I am good with airplanes, not taxes! I pay someone to do mine and for a very good reason. If you are anywhere near Tulsa (or want to work with a good guy by email) I can recommend someone.

Sorry but if you are not ready to take some risk then you will rarely make any gains! Thats just the way it is most of the time.

competentone · 06-22-2007, 08:50 PM

Quote:

Originally posted by gwl123
Made $7.7 Billion today. Earned $650 mil last year. Pays only 15% tax while the rest of us pay around 30%.

I haven't been following this closely, but did the CEO actually sell $7.7 billion worth of his stock? I didn't hear anything about that.

I suspect the situation is that when the stock started trading publicly today, the value (on paper) of the shares the CEO holds is worth $7.7 billion.

If he suddenly tried to sell all his shares (an action which would probably make the stock price drop dramatically) he would pay 15% on his capital gains -- that is the exact same maximum rate you (and everyone else) pays on long-term capital gains on the stock investments you make.

So I don't know what this BS is that you're giving us about "the rest of us pay around 30%" -- but I guess a few bald-faced lies never stopped those who want to destroy free enterprise and replace it with the muck of socialism....

It is strange too how we don't hear the socialists "complaining" about how people like Google's founders became multi-billionaires virtually overnight. They took the same action (taking their company public) as BlackStone just did, but I guess since Google's founders are rabid socialists, it's "OK" that they only pay 15% tax on the billions of dollars worth of stock they've been selling:
http://www.form4oracle.com/company?cik=0001288776&ticker=goog

legion · 06-22-2007, 08:58 PM

What the hell are you doing?

Facts have no place here.

Only innuendo and half-truths are allowed here.

And keep your head down, so as not to get hit with flying genetic material...

red-beard · red-beard's Garage

The assertion was he "made" 7.7 Billion. So based on the original statement, that was the capital gain.

Comp, I expect that you are correct, the $7.7B was the sale value, not the capital gain.

Racerbvd · Racerbvd's Garage

I know that it cost me less now that I hired a very good CPA than when I tried to go the cheap route.