Good source confirmed middle market is next. Bloated leadership, inferior management in “sporadic cost centers” of St Louis and New York and a high cost in Georgia. Centralizing costs and expenses.
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Heard the same thing from same people who were 100% accurate before on predictions. As I’ve heard they are going to cut the “field managers” in at st Louis. Ineffective for lackluster results and high cost average to fly them to nyc consistency to manage nyc team. Nyc people will be managed by nyc field. Person quoted in saying St Louis makes “zero sense” for Blackstone and field managers are “disposable”.