When Mr Fink left First Boston to establish BlackRock Financial Management in 1988 – building it under private equity and alternative investment firm Blackstone – it would have been hard to imagine that the business would one day dwarf that of his former employer.

在离开第一波士顿以后，芬克于1988年创立了贝莱德金融管理公司(BlackRock Financial Management)——当时该公司是私募股权与另类投资公司黑石(Blackstone)集团的子公司——或许很少有人能够预见，芬克创立的这家公司有朝一日将让他的前任雇主相形见绌。

Today, Steve Schwarzman, the founder of Blackstone, describes letting Mr Fink go as one of the biggest mistakes he ever made. (Given the fact that Blackstone originally had 100 per cent of the business, he is probably right.)

现如今，黑石创始人史蒂夫·施瓦茨曼(Steve Schwarzman)表示，放芬克走是他所犯过的最大错误之一（鉴于黑石最初拥有贝莱德100%的股权，施瓦茨曼此言或许属实）。

Mr Fink severed the firm’s relationship with Blackstone in 1995, later selling a $230m stake to PNC, which has reaped about $8bn from that initial investment.

芬克于1995年切断了贝莱德与黑石的联系，并在此后不久向PNC金融服务集团（PNC Financial Services Group，简称PNC）出售了价值2.3亿美元的公司股份；PNC通过这笔早期投资现已获利约80亿美元。

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