Stephen A. Schwarzman

We have a very peculiar industry in finance. The people who go into it all think they’re enormously gifted, whether that’s true or not, and they all believe that they should at least be lieutenant colonels in the army, if not all generals. And when that’s your workforce, you have to deal with people in a very unusual way. Because if you don’t, all these people who think they’re instantaneous lieutenant colonels and above will eat their young. Cultures will develop that are dysfunctional.

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