Steve Schwarzman: I Could've Made $600-Odd Million Last Year From My Yacht

To that end, please, don't compare him to a Tim Cook. He's a Steve Jobs.

Completely unnecessary.

How dare you compare the Blackstone Group founder to mere mortals like Tim Cook or Lloyd Blankfein! He is a creator, not some lowly manager. Indeed, having created, he could forego managing and still make almost all of the $690 million he took home last year—and deserve each and every penny. It's important everyone understand and remember that.

Mr. Schwarzman said it’s unfair to compare his payout — mostly dividends paid on his Blackstone shares — to that of bank chiefs whose yearly pay amounts to what he brings home in just days.

“It’s not that different if you were a Steve Jobs starting his company versus a Tim Cook, who is working there,” Mr. Schwarzman, 68, said, referring to the late co-founder and current CEO of Apple Inc., respectively. “It’s because you start a company and you own stock and you’d make that whether you worked or you didn’t work.”

Indeed, had Mr. Schwarzman spent 2014 sunning on a beach rather than running the firm from its Park Avenue offices or globetrotting to meet with its investors, he would have collected all but 0.06% of last year’s take home.

Steve Schwarzman: More Steve Jobs Than Tim Cook [WSJ MoneyBeat blog]
Private Equity Payouts Leave the Rest of Wall St. in the Dust [DealBook]


Steve Cohen Did Pretty Well For Himself Last Year

The end of 2012 might've been a tough one for the SAC Capital founder, what with the matter of a former employee being accused of orchestrating “the most lucrative insider trading scheme ever," being referenced in the complaint as Portfolio Manager A, and ultimately being forced to show the softer side of Steve but the Big Guy still managed to take home $1.3 billion, so he's got that going for him.