Monday, November 28, 2011

Switcheroo: Schwarzman Backs Romney as Wall Street Turns

Stephen Schwarzman, chairman of the world’s largest private-equity firm, will host a fundraiser for Mitt Romney at his Park Avenue apartment next month, a sign that Romney is closing the sale with Wall Street’s wealthiest donors, Bloomberg writes.

The event marks Schwarzman’s inaugural step to help Romney secure the Republican presidential nomination, according to a person familiar with Schwarzman’s plans who spoke on condition of anonymity. He will follow up with efforts to persuade colleagues in the financial industry to get behind Romney’s presidential bid, the person said..

“Steve Schwarzman is one of the top fundraisers on Wall Street, and this will help the Romney campaign, not only for the actual fundraising he will do, but the signal it sends to other fundraisers that Wall Street leaders believe Romney is very likely to be the nominee,” said Steve Duprey, who was a senior adviser to Republican John McCain’s presidential campaign in 2008….

Read more at http://www.bloomberg.com/news/2011-11-28/schwarzman-backs-romney-as-wall-street-turns-away-from-obama.html

No comments:

Post a Comment