BOSTON (Reuters) - Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday.
The vast bulk of Schwarzman's pay -- $699.8 million of a total $702.4 million -- reflected the vesting of equity grants he received when the company went public in 2007. The vesting will continue over the next four years.
"It is reasonably safe to assume that Mr. Schwarzman will remain at the top of (the) highest paid CEOs list, or close to it, for a few years to come," the report says
The vast bulk of Schwarzman's pay -- $699.8 million of a total $702.4 million -- reflected the vesting of equity grants he received when the company went public in 2007. The vesting will continue over the next four years.
"It is reasonably safe to assume that Mr. Schwarzman will remain at the top of (the) highest paid CEOs list, or close to it, for a few years to come," the report says
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