The New New Establishment

The New New Establishment

September 7, 2006, 6:30 am

We have been waiting a long time to see those pictures in Vanity Fair magazine.

Sorry, did you say something about Suri Cruise?

We were talking about Steve Cohen. And Steve Schwarzman.

In its October issue, Vanity Fair sets out the latest installment of its “New Establishment” list, which claims to rank the people who most influence the culture through their wealth, power, vision and other, even fuzzier factors.

Remarkably, this list — which Vanity Fair introduced in 1994 — has long ignored the financial sector and its many machers, while devoting much of its admiration to players in the media and entertainment industries.

This year, that changed. Vanity Fair has doubled the size of its list (to 100 from 50) and expanded its scope “beyond the entertainment-information-technology nexus of past years,” according to its introduction to the article. The result: A crowd of financiers and investors have gained prominent spots on the list.

Mr. Cohen, who runs the giant hedge fund SAC Capital, makes his debut at No. 29. The magazine credits his fund’s positions in a “mind-boggling number of stocks” and his estimated earnings of more than $1 billion in each of the past two years. It also mentions his mansions in Delray Beach, Fla., and Greenwich, Conn. (A jaw-dropping photograph of the latter was featured in a Vanity Fair article earlier this year.)

Sharing the No. 34 spot are Blackstone Group’s Pete Peterson and Mr. Schwarzman. Both are newcomers to the “New Establishment” rankings, although the magazine acknowledges how their firm enjoys a quasi-legendary status on Wall Street. “It is hard to overstate the power of the Blackstone Group,” Vanity Fair writes, going on to describe the array of companies in the firm’s portfolio and the record-setting $15.6 billion fund that it recently raised.

Not far below is Lazard chief Bruce Wasserstein, at No. 38. The magazine writes that Mr. Wasserstein’s firm is “on a tear” after a troubled initial public offering — and it also indulges in a minor dig at one of Mr. Wasserstein’s investments, New York magazine. “The publication seems to be returning to its former glory, winning two National Magazine Awards,” it writes. “Too bad the magazine is said to be losing money.” Vanity Fair also pointedly notes that Mr. Wasserstein’s son, Ben, is on New York’s masthead as associate editor.

Bernard Arnault and Francois Pinault, rival French financiers whose holding companies regularly buy and sell an array of luxury brands, appeared on the list for the first time at No. 19 and No. 26, respectively.

Other notable newcomers from the financial sphere include Roman Abramovich of Millhouse Capital, described as Russia’s richest citizen (No. 50); Edward Lampert of ESL Investments, who merged Kmart and Sears (No. 51); Vivi Nevo of NV Investments, a myterious investor said to hold large stakes in Time Warner (Vanity Fair likens him to Austin Powers), Goldman Sachs and other big names (No. 61); and Steven Rattner of private equity boutique Quadrangle Group (No. 99).

Wall Street may finally be getting its due, but we would suggest the list still has some notable omissions. Where is Henry Kravis of Kohlberg Kravis Roberts, a pioneer of the buyout business whose firm has billions of dollars to deploy? And, considering the list’s media focus, why didn’t Jonathan Nelson, chief of Providence Equity Partners, which focuses on media and telecom investments, make the cut?

There is always next year.

纽约时报评《名利场》杂志2006年最有影响力人物排名

新一届最有影响力人物排名(New Establishment)
2006年9月7日，上午6:30

为《名利场》杂志上的那些照片，我们已经等了很久。

对不起，你是在说有关Suri Cruise的什么事么？

我们在讨论Steve Cohen，还有Steve Schwarzman。

在它十月刊中，《名利场》列出它新一届最有影响力人物排名("New Establishment"排名)，该排名号称排列出对社会最有影响力的人：根据人们的财富、权力、远景以及其他一些更模糊的因素。

自打1994年《名利场》杂志推出该排名，就一直忽略金融板块和里面很多的新贵（machers），将爱慕的目光主要投向媒体和娱乐行业人士。

今年，事情开始转变。根据它的介绍，《名利场》将列表加倍（从50人增加到100人）并将它的角色扩展到“过去几年间娱乐－信息－技术圈之外”。结果是：一堆金融家和投资人在排名中熠熠生辉。

Cohen先生，运作着巨大的对冲基金“SAC资本”，首度登榜排名29。杂志盛赞他的基金管理着“令人惊叹的多的股票”(his fund’s positions in a “mind-boggling number of stocks” )，他在过去两年中每年预期收益均超过10亿美元。杂志还提到他在佛罗里达Delray海滩、康涅狄格格林威治的豪宅们（后面那座豪宅令人垂涎欲滴的照片曾刊登在今年早些时候的《名利场》杂志里）

黑石集团的Peter Peterson和Schwarzman先生同列第34位。虽然杂志强调他们的公司在华尔街如何被称为传奇，这两位都还只是"New Establishment"排名新登榜者。“怎样强调黑石集团的权力都不过分”《名利场》写到，接着又描述了黑石投资组合中大量的企业以及它最近募集到的创纪录的156亿美元基金。

之后不远，是38位的Bruce Wasserstein，Lazard的老总。杂志写到Wasserstein先生的公司在遇到IPO问题时非常生气，它还小小挖掘了Wasserstein先生的一个投资：《纽约杂志》。“这个刊物似乎找回了它之前的荣耀，获得两项国家杂志奖”“可惜据说这本杂志还在赔钱”。《名利场》还专门写道：Wasserstein的儿子，Ben，在纽约杂志的masthead做审计经理。

Bernard Arnault和Francois Pinault, 这两位法国金融人士首次出现在榜单，分别位于19位和26位。他们是竞争对手，做买卖奢侈品品牌的生意。

其他著名的金融界新进榜者包括Willhouse资本的Roman Abramovich，“俄罗斯最富的人”（第50名）；ESL投资公司的Edward Lampert，他促成了Kmart和Sears的合并（第51名）；NV投资的Vivi Nevo，这位神秘的投资人据说持有大量时代华纳、高盛和其他著名大企业的股份（《名利场》把他比作Austin Powers(译注：电影《王牌大贱谍》主角)）（第61名）；还有私募公司Quadrangle集团的Steven Rattner（第99名）。

华尔街或许终于被正名了，但这个名单还是有明显的遗漏：拥有数十亿美元的公司、并购投资的先锋人物，Kohlberg Kravis Roberts公司的Henry Kravis在哪里？再来，考虑到排名对于媒体界的关注，专门在媒体和电信领域投资的Providence资产合伙公司的老总Jonathan Nelson为什么不见了？

总有明年，让我们期待下一份排名。