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To: joseffy who wrote (40701)	8/14/2009 7:52:07 AM
From: Bucky Katt	Respond to of 48463

This is the topper> Schwarzman's $702 Million From Blackstone Tops Best-Paid U.S. Executives. Blackstone Group LP Chief Executive Officer Stephen Schwarzman’s $702 million compensation made him the highest-paid executive in the U.S. last year, the Corporate Library reported. The package for Schwarzman included $2.3 million of compensation and almost $699.8 million from the vesting of one- quarter of the equity granted as he took the firm public at $31 a share in 2007, said the Portland, Maine-based Corporate Library. Schwarzman, Blackstone’s founder, was granted $4.7 billion in equity at the time of the offering, said the Corporate Library, which specializes in governance issues. Schwarzman, 62, took the world’s largest private equity firm public at the height of the market boom. His pay package toppled Oracle Corp. CEO Larry Ellison, 64, who fell to second with $557 million, according to the survey. Ellison had $543 million in exercised stock options. His total compensation in 2007 was $193 million, according to the survey. “Given that the other 75 percent of his $4.7 billion 2007 equity grant will vest in equal installments over the next four years, it is reasonably safe to assume that Mr. Schwarzman will remain at the top of highest-paid CEOs list, or close to it, for a few years to come,” the report said. bloomberg.com