Market Currents
Private-equity bosses enjoyed another bumper year in 2012, with nine execs receiving over $1B...
-
Sunday, March 3, 4:31 AM ETPrivate-equity bosses enjoyed another bumper year in 2012, with nine execs receiving over $1B combined in dividends and salary packages. Blackstone's (BX) Stephen Schwarzman took home $213.3M , Apollo's (APO) Leon Black $125.5M, and KKR's (KKR) Henry Kravis and George Roberts $137M each. It probably helps that P-E firms are considered LPs, so don't have to have compensation committees.
Other date
Latest Articles on Financials
This news story has 3 comments:
(He's right)
(Speaking for the Hoi Polloi and President Obama):
It's clear that our President's efforts at taxing millionaires and billionaires has been a big disappoint--he told us on Friday that even with the "new revenue we're getting from those millionaires and billionaires," felons were being released because we can no longer afford to prosecute them and citizens would have to stand in line at airports longer because...
...you know, this taxing thing is infectious.
Can't we assess a tax on anyone with a net worth over $200,000? That should take in Schwarzman, Black and, for that matter, Buffett's secretary?
Several thousand more IRS agents should do the trick.
Never forget, it's for the children.