Wednesday, April 7, 2010 as of 11:14 AM ET
Stephen Allen Schwarzman (born February 14, 1947) is an American billionaire private equity financier and former investment banker best known as the co-founder of the Blackstone Group.
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Blackstone Group LP co-founder Stephen Schwarzman got about $213.
5 million in salary, share of profits and cash distributions from his holdings in the world's largest private equity firm in 2011, up 33% from the previous year.Schwarzman, 65, who co-founded Blackstone in 1985, got most of his payout from dividends on his 21% ownership of the private equity firm and realized investments from funds predating the company's IPO in 2007.Schwarzman's salary was only $350,000, unchanged from last year, and he has not taken any bonuses since the company went public, according to a regulatory filing on Tuesday.The structure of Schwarzman's pay is intended to align his interests with Blackstone's investors, with the logic being that he makes money when his investors do.Still, the size of the payout could raise eyebrows at a time when the industry has come under renewed scrutiny, thanks to Republican presidential hopeful and former private equity executive Mitt Romney .The composition of Blackston...August 26, 2009 12:38 PM UTC by Elizabeth MacDonaldVulture Funds Descend on BanksKnown on Wall Street as the “smart money” crowd that turned quickly dumb due to bad ...
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August 26, 2009 12:38 PM Vulture Funds Descend on Banksby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Known on Wall Street as...
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