Saturday, 18 April 2015
Last updated 12 hours ago
Jan 12 2012 | 12:34pm ET
The founders of the Carlyle Group split more than $413 million in compensation last year, the private equity giant revealed in a filing for its impending initial public offering.
William Conway, Daniel D'Aniello and David Rubenstein were paid $275,000 in salary each. Each man also took home a $3.5 million bonus—and a $134 million share of the firm's incentive fees, more than half of Carlyle's total performance fee income.
Each man also received tens of millions of dollars in distributions from their own investments in Carlyle's funds. D'Aniello received $77.6 million, Conway $70.9 million and Rubenstein $56.8 million. But they've also continued to invest even more, with Conway pouring $164 million into Carlyle funds last year, D'Aniello $98 million and Rubenstein $97 million. The three men have made further commitments totaling $490.7 million.
The filing also revealed that the $112.6 billion firm plans to list on the Nasdaq Stock Market, under the ticker symbol "CG."
Word of the Carlyle founder's huge payday comes amidst a strong period for Carlyle: It earned $589 million in economic net income during the first nine months of last year, and returned a record $15 billion to clients.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…