Monday, June 18, 2007

The Buzz About Blackstone

Blackstone CEO Stephen Schwarzman's 2006 pay? $400 million.

Blackstone CEO's 2006 earnings from options? Almost double the combined pay of the bosses of Wall Street's five largest investment banks.

Blackstone CEO's stake when the company goes public? $7.7 billion.

Good publicity earned by taking a reduced retirement package? Priceless.

...Or so they thought. Investors aren't buying it.

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