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Tue Jun 5, 2012, 09:27 AM

Wall Street CEO Pay Rises 20%


(Bloomberg) In October 2010, private-equity baron Henry Roberts Kravis, in one of the grandest gestures of his life, pledged $100 million to his alma mater, Columbia Business School, to help pay for the expansion of its upper Manhattan campus. His ability to throw that kind of cash around was helped by the start of trading of his buyout company, KKR & Co. (KKR), on the New York Stock Exchange three months earlier.

While the listing swelled Kravisís personal wealth, it also exposed him to the rigors of the U.S. corporate reporting process. As a result, the world now knows that in 2011, Kravis was awarded $30 million in salary and other compensation by KKRís board, Bloomberg Markets magazine reports in its July issue.

That makes him No. 1 in the Finance 50, the magazineís annual ranking of the best-paid CEOs at the largest U.S.-based financial companies by market capitalization.

Kravis, 68, is followed in the ranking by George Roberts, his cousin and co-chief executive officer, who earned $29.9 million. The two men founded the firm with Jerome Kohlberg in 1976. The trio first worked together more than 40 years ago at Bear Stearns & Co. .................(more)

The complete piece is at: http://www.bloomberg.com/news/2012-06-05/wall-street-ceo-pay-rises-20-with-kkr-s-kravis-no-1.html



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Reply Wall Street CEO Pay Rises 20% (Original post)
marmar Jun 2012 OP
bulloney Jun 2012 #1
badtoworse Jun 2012 #3
Jackpine Radical Jun 2012 #2

Response to marmar (Original post)

Tue Jun 5, 2012, 09:31 AM

1. Because they've done such a great job driving the world's economy off the cliff.

Pure greed. Plain and simple. They're caught up in this mindset of making obscene amounts of money just for its own sake and not caring if they make it on an investment house of cards or if it destroys middle class persons' life savings.

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Response to bulloney (Reply #1)

Tue Jun 5, 2012, 09:56 AM

3. Do you actually know anything about private equity or KKR...

 

or are you just repeating the same monotonous diatribe that gets leveled at any successful investor? What has KKR done to drive the world economy off the cliff or destroy the middle class life savings?

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Response to marmar (Original post)

Tue Jun 5, 2012, 09:51 AM

2. They spend a lifetime stealing legally from the citizenry

and then build monuments to themselves disguised as charitable contributions.

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