Seeking Alpha

Private-equity bosses enjoyed another bumper year in 2012, with nine execs receiving over $1B...

Private-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.
Comments (3)
  • Reg Mig
    , contributor
    Comments (8) | Send Message
     
    Not so inspiring when you consider that the share holders whose money they are using get a small pittance in comparison .
    3 Mar 2013, 08:04 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    The copywriter assumes that this inflamatory copy will bring comments from the hoi polloi.

     

    (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.
    3 Mar 2013, 08:24 AM Reply Like
  • Topcat
    , contributor
    Comments (504) | Send Message
     
    And of course, these salaries were probably called "carried interest" and taxed at the capital gains rate of 18%...a very very unfair loophole which Obama wants to fix, among others, but NO says the party of NO.
    3 Mar 2013, 10:32 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs