Street Capitalist: Event Driven Value Investments

Wisdom on such diverse topics as: spin-offs, merger arbitrage, post-bankruptcy equities, global macro commentary and short ideas.


Street Capitalist: Event Driven Value Investments

Aug 18, 2009

CEO Pay and Industry Favorability

Interesting relationship:


(The Deal)


(The Economist)

Category: Mental Models

  • Evan
    The Schwartzman thing is ridiculous. He didn't receive that as compensation. When they went public, he converted his equity in BX LP into prefered units that vest over 4 years. That $700m is just the transfer of a prefered unit into a common, essentially. The only difference between the two is a PERSONALLY agreed upon serveral year vesting period (beyond the requirements of SEC required lock-ups) vests. Essentially moving from self-appointed illiquidity to liquidity. It is a return on capital.
  • I figured there was something going on with that. Thanks for the clarification.
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My name is Tariq Ali, I run Street Capitalist. I recently graduated from the University of Texas at Austin. There, I stumbled onto value investing via the school library. I read everything I could and now I'm here, writing out my thoughts and investment ideas.


I have a lot of heroes when it comes to investing, it seems like every investor has some kind of niche. Some, whose books and writings have had the biggest impact on me are: Warren Buffett, Benjamin Graham, Joel Greenblatt, Seth Klarman, and George Soros.


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