neothedreamer t1_j9w8yk6 wrote on February 25, 2023 at 12:27 AM

This is super misleading. The $1B in dividends is not part of his comp plan. This is what he earns as an investor. This is no different than any other rich investor earning a shit ton in dividends from a large investment.

I would love to see the break down of the incentive fees and cut of profit. My guess is his investors are more than willing to give him a split of profit if their return is higher that the benchmark by a significant enough amount.

XPlatform t1_j9xndws wrote on February 25, 2023 at 8:20 AM

Damn I should've given him my portfolio

Many_Tank9738 t1_j9yfbwa wrote on February 25, 2023 at 2:07 PM

All in BX

pretender80 t1_j9yu6hx wrote on February 25, 2023 at 3:59 PM

At least it's done through dividends and not share buyback

propanezizek t1_ja2bigh wrote on February 26, 2023 at 8:48 AM

It's literally the same thing. It's just that for some reason in north America dividends have to be paid like a bond when a stock is supposed to have risk. On top of that they have to increase the dividends regularly. Not a big deal a Canadian cartel but for a company that get into trouble that means that instead of retaining earnings they have to borrow money with interest.