What does it take to lead through a near-disaster and turn it into a $14 billion win? In this episode, Blackstone President and Chief Operating Officer Jon Gray shares lessons from the financial crisis, revealing why staying calm, backing the right businesses and building trust can make or break a leader. He also opens up about shaping culture, retaining top talent and leading with humanity—offering a rare inside look at how one of the world’s biggest investment firms navigates uncertainty.

Watch the interview:
https://www.youtube.com/playlist?list=PLe4PRejZgr0PAxeoWOBGj6M7GXhXQmdn6

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https://www.bloomberg.com/management-work

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In next week's episode, host Francine Lacqua speaks with Jon Gray, president and chief operating officer of Blackstone Group. Here's a preview of that conversation, in which he talks about leading Blackstone's leveraged buyout of Hilton Hotels, which after a difficult road became the most profitable private equity real estate deal ever.

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Francine Lacqua sits down with Emma Grede—the power behind Good American and a founding partner of Skims—to unpack what it really takes to build a billion-dollar brand. Grede goes beyond the headlines, revealing the chaos behind her $1 million launch day and the mindset that helped her push through challenges. From "radical honesty" in leadership to bold views on work, ambition and success, she reveals the principles that have shaped her rise—and why she’s now stepping into the spotlight to help others do the same.

Check out more interviews:
http://bloomberg.com/leaderswithlacqua

Read more on management and work:
https://www.bloomberg.com/management-work

See omnystudio.com/listener for privacy information.