Some People Are Never Worried About “Nothing”

Sunday, December 7, 2008, 2:33 AM | Leave Comment

I read an article on Fortune Online. Three executives of a company called Blackstone Group (BX) received the following total compensation for 2007:

• Steve Schwarzman Chairman and CEO $350.7 million
• Pete Peterson Senior Chairman $174.3 million
• Hamilton James President and COO $ 98.7 million

————–
Total $623.7 million – no wonder they can’t sleep at night.

Blackstone Group (BX)
Their pro forma adjusted total economic net income was $2,120,714,000 in 2007 ending December 31 (Page 37).

The compensation $623.7 million received by the three executives combined is 29.41% of $2,120,714,000.

Read the article on money.cnn.com in full: Fortune Online.

Post a Comment on Content of the Article

 

Name (required)

E-mail (required - will not be published.)

Website

This is not a billboard for your advertisement. Make comments on the content else your comments would be deleted promptly.

• Follow Doable Finance dot Com Comment Rules.

Δ