Overpaid CEO’s and Blackstone Group
I’ve repeatedly complained about the outrageous amounts of money paid to CEO’s of corporations even when their service has been a failure. (3/21/07) There is no end to this insanity and we have another example in the case of Blackstone Group LP who just announced that their CEO Stephen Schwarzman was paid $400 million last year. That’s almost double the combined compensation for the CEO’s of Wall Street’s five biggest investment banks. Not only that, he can cash in as…