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Feb 23, 11:16 PM
Blackstone CEO's $896.7M Pay, Down 30%, Amid 19-Year Profit Drought
Economics
Business

Blackstone CEO's $896.7M Pay, Down 30%, Amid 19-Year Profit Drought

Authors
  • Financial Times
  • Reuters Business
  • The Globe and Mail
6

Blackstone CEO Steve Schwarzman's compensation for the last year has sparked discussions due to its magnitude despite a significant drop from the previous year. Schwarzman took home $896.7 million in 2023, marking a 30% decrease from his earnings a year earlier. This pay includes his salary, bonuses, and dividends. The discussion around his compensation comes against the backdrop of the company's 19-year history without turning a profit, raising questions about the correlation between executive pay and company performance.

Written with ChatGPT (GPT-4).

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