NOBODY MAKES MONEY LIKE LEON BLACK

摘要

Black built his company, Apollo Global Management Inc., by buying struggling businesses with huge piles of debt at bargain-basement prices, imposing austerity measures on the staff, and extracting huge dividend payments and management fees. Many of Apollo's most lucrative deals have been from companies other firms wouldn't go near, and Black is concerned this has left him with a reputation for taking on inordinate risk. "We've actually made our most money during recessions," he says, growing agitated. As his face reddens over his blue Hermes tie, his incongruously soft voice rises by an octave, and he stabs a pile of printed-out emails with an eraserless No. 2 pencil. "Everybody else is running for the doors, and we're backing up the trucks."