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Masters of the Masters
What are you master of if you can trounce a master of the universe?
Bloomberg News raised that question -- no small matter in the land of large appendages known as Wall Street -- when it parsed Blackstone Group's I.P.O. prospectus and did a little math.
It's conclusion? Blackstone employees generate almost nine times more earnings than their counterparts at Goldman Sachs, Wall Street's most-profitable investment bank.
Is this behind the exodus to hedge-fund heaven in Greenwich, Connecticut, or is it a consequence of that shift?
by Mark Stein
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