Carlyle Founders Take Pay Hit, Still Earned $212M
MarketWatch (Feb. 16, Jarzemsky) is reporting that Carlyle Group LP's three founders "collected nearly $212 million in dividends and other compensation in 2016, a 28 percent drop from a year earlier." A regulatory filing shows that David Rubenstein earned $73.1 million last year, while co-founders William Conway and Daniel D'Aniello each collected $69.3 million in 2016. The decline is mainly because of a decrease in the private-equity firm's annual dividend, which comprises the bulk of their compensation. The trio retained substantial ownership interests in Carlyle when they took it public five years ago. "Carlyle's annual financial report gives a limited picture of its founders compensation, omitting profits and return of capital from their investments in and alongside the firm's funds," notes MarketWatch.
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