Stephen Schwarzman took home $786.5 million from the Blackstone Group, including his salary, bonus and incentive fees totaling $125 million, plus more than $650 million Blackstone paid out as dividends associated with the sizable holding of Blackstone stock he retains. That sum included his salary, bonus and incentive fees totaling $125 million, plus more than $650 million Blackstone paid out as dividends associated with the sizable holding of Blackstone stock he retains as a founder and longtime executive. It was a big payday, to be sure, but not out of line with previous years, when Schwarzman’s Blackstone income ranged from $425 million to $734 million. And within Blackstone, Schwarzman has the “sole discretion” in setting the bonuses for top executives, according to its annual proxy filings. We must also look at the distribution of income and ask whether the rules themselves are fair and just.

Source: Washington Post January 04, 2019 13:57 UTC