Thursday, 2 April 2015
Last updated 9 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…