Dwight Cass at BreakingViews runs some numbers to figure out how Steve Schwarzman might stand to make hundreds of millions if he reduces his salary to nothing.
A canny accountant might argue that Mr. Schwarzman should draw no salary, to maximize value of his stake. That might also help the firm brush off inevitable fat-cat criticism - and it would benefit its soon-to-be-shareholders, who would likewise enjoy a higher value for the company. In that case, investors in the public markets may find something to like about their long-time critic at Blackstone after all.
Dollar-a-year man [BreakingViews]