Monday, June 11, 2007

UPDATE 1-Blackstone paid CEO $398.3 million last year

(Reuters) - Should Blackstone's IPO price in the expected range of $30
per share, that would make Schwarzman's stake worth $7.73
billion.




Co-founder and Senior Chairman Peter Peterson received
$212.9 million in pay and will own 4 percent of the firm after
the IPO, the filing says. The two men founded Blackstone in
1985 with $400,000.


Read more at Reuters.com Mergers News

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