Wednesday, 27 May 2015
Last updated 22 min ago
Feb 25 2014 | 11:35am ET
Kohlberg Kravis Roberts co-founders Henry Kravis and George Roberts split a combined $327 million, as their firm's profit soared 23% last year.
KKR's bounty came from a large number of investment exits, benefitting Kravis and Roberts both as shareholders of the company and investors in its funds. The two men's paydays were their largest since KKR went public in 2010, as well as a 17% increase on their 2012 compensation.
Roberts, who owns slightly more KKR shares than Kravis, earned $165.5 million last year, KKR said yesterday. Kravis settled for $161.4 million.
Just $300,000 of the totals are from the pair's annual base salary, less than they received to pay for personal assistants. A whopping $43 million—each—is from carried interest, their share of KKR's investment gains, much of which they are likely to reinvest in KKR funds.
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…