http://streetcapitalist.com/2009/08/18/ceo-pay-and-industry-favorability/ Wisdom on such diverse topics as: spin-offs, merger arbitrage, post-bankruptcy equities, global macro commentary and short ideas. Thu, 10 Feb 2011 04:28:00 +0000 hourly 1 http://wordpress.org/?v=3.2 http://streetcapitalist.com/2009/08/18/ceo-pay-and-industry-favorability/comment-page-1/#comment-4886 Tariq Wed, 19 Aug 2009 02:20:30 +0000 http://streetcapitalist.com/?p=705#comment-4886 I figured there was something going on with that. Thanks for the clarification. I figured there was something going on with that. Thanks for the clarification.

]]> http://streetcapitalist.com/2009/08/18/ceo-pay-and-industry-favorability/comment-page-1/#comment-4885 Evan Wed, 19 Aug 2009 01:31:23 +0000 http://streetcapitalist.com/?p=705#comment-4885 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. 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.

]]> http://streetcapitalist.com/2009/08/18/ceo-pay-and-industry-favorability/comment-page-1/#comment-4799 Tariq Tue, 18 Aug 2009 19:20:30 +0000 http://streetcapitalist.com/?p=705#comment-4799 I figured there was something going on with that. Thanks for the clarification. I figured there was something going on with that. Thanks for the clarification.

]]> http://streetcapitalist.com/2009/08/18/ceo-pay-and-industry-favorability/comment-page-1/#comment-4798 Evan Tue, 18 Aug 2009 18:31:27 +0000 http://streetcapitalist.com/?p=705#comment-4798 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. 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.

]]> http://streetcapitalist.com/2009/08/18/ceo-pay-and-industry-favorability/comment-page-1/#comment-4797 Evan Tue, 18 Aug 2009 18:31:23 +0000 http://streetcapitalist.com/?p=705#comment-4797 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. 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.

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