Tue Jun 5, 2012, 09:27 AM
marmar (65,957 posts)
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
3 replies, 676 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Wall Street CEO Pay Rises 20% (Original post)
|Jackpine Radical||Jun 2012||#2|
Response to marmar (Original post)
Tue Jun 5, 2012, 09:31 AM
bulloney (3,332 posts)
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.
Response to bulloney (Reply #1)
Tue Jun 5, 2012, 09:56 AM
badtoworse (5,957 posts)
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?