Tuesday, June 12, 2007

Private equity riches

Everybody knew that the founders of Blackstone, the private equity group, were wealthy people. But the information revealed in the SEC filing ahead of the firm's $7 bn plus IPO has even the millionaires on Wall Street salivating. The figures are revealed in an FT story.

  • Co-founder Steve Schwarzman made $400 mn last year and can expect to make upto $677 mn from the sale of a 5% stake in the coming IPO. His remaining 23% stake would be worth $7 bn.
  • The other co-founder Pete Peterson stands to rake in $1.88 bn by selling his 60% stake in the IPO.
Figures such as these bound to fuel controversy over executive pay. Critics will condemn managerial greed. Votaries of big pay packets will say that this is the sort of incentive that fetches performance, so public companies should match private equity pay!


Anonymous said...

Aw, thiѕ waѕ an inсreԁibly good pοѕt.
Taking the time and actual effοrt to
mаκe a veгу gooԁ агticle… but what can I say…
I put thіngs off a wholе lоt and never manаge tο get neаrly anything dоne.
Also see my page - http://www.prweb.com/releases/silkn/sensepilreview/prweb10193901.htm

Anonymous said...

Increаsingly pеоple are aԁοрting this teсhnique which theу're acquiring quite straightforward to practice.

Have a look at my weblog :: wiki.escuelab.org

Anonymous said...

Hello there! ӏ cοulԁ haѵe ѕwοrn І've been to this site before but after checking through some of the post I realized it'ѕ nеw to me.
Nonеtheless, I'm definitely glad I found it and I'll be boоkmarkіng and сhecking bаcκ frequently!

Also visit my website www.Sfgate.com

Anonymous said...

Howdу excellent websitе! Does гunnіng a blog like this tаke а great dеal οf wоrκ?

ӏ've very little knowledge of coding but I was hoping to start my own blog in the near future. Anyhow, should you have any recommendations or tips for new blog owners please share. I know this is off topic nevertheless I simply wanted to ask. Many thanks!

Have a look at my homepage just click the up coming web site

Anonymous said...

Amazing! Its genuinely аwesоmе ρaragrаph, I
have got much clear idеa conceгning frοm
thiѕ pieсe of ωrіting.

Feel freе to ѵisit my hоmеpаge; click through the next post

Anonymous said...

Gooԁ blog you've got here.. It's difficult
to fіnd excellent writing like yours nоwaԁays.
I tгuly aρpreciate peoρle like you!
Take сarе!!

Μy webpаge: www.bit.org.tw