
What Use Is a Succession Plan if No One Succeeds?
We’ve been pondering that question after Reuters reported this morning that when Blackstone Group named Joe Baratta its new global head of private equity last month, it also added the 41-year-old deal maker to the firm’s succession plan. As such, Mr. Baratta joins five other Blackstone executives tapped as potential successors to founder and CEO Stephen Schwarzman. Read More