Blackstone Group LP co-founder and Chief Executive Stephen Schwarzman collected $469 million in 2016, down 41% from a year earlier, due to the drop in the firm’s dividend. Mr. Schwarzman, like founders of the major private-equity firms, commands heady compensation that largely stems from his ownership stake in Blackstone, the world’s largest asset manager. He earned $378 million in dividends last year, down from $644.8 million in...

Source: Wall Street Journal February 24, 2017 23:48 UTC