Saturday, 23 July 2016
Last updated 22 hours ago
Mar 18 2013 | 2:06pm ET
Life leading a public company is proving lucrative for the Carlyle Group's founders.
David Rubenstein, William Conway and Daniel D'Aniello each received $57.3 million in dividends. The private equity giant went public last spring; the three men each own 15.4% of the Washington, D.C.-based company.
With such rich dividends—and huge returns on their investments in Carlyle funds—the Carlyle chiefs felt they could do without the $3.5 million bonus they've gotten in previous years. The three were each paid $281,250 in executive compensation, down from the $137.8 million they were paid in 2011.
Conway received $140.1 million in returns and distributions from his Carlyle investments last year, D'Aniello $80 million and Rubenstein $78.1 million.