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About that Blackstone Group succession plan

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Jonathan Grey is next in line. Still.

FORTUNE -- The Wall Street Journal yesterday reported that The Blackstone Group (BX) was grooming Jonathan Grey, the 43- year-old head of its booming real estate business, to eventually succeed firm president Tony James. And, in time, to succeed firm founder and CEO Steve Schwarzman.

I'd wager that the WSJ is correct, both on the individual and the timing.

As for Grey, his ascension at Blackstone MORE


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