Onex Corp., Canada’s largest buyout firm, paid Chief Executive Officer and founder Gerald Schwartz $85.3 million in 2013 compensation, higher than payouts for the top executives of Walt Disney Co., Coca-Cola Co. and Visa Inc. combined.
Blackstone Group LP chief Steve Schwarzman received $374.5 million last year in pay and cash dividends, an increase of 76 percent from 2012, as the world’s biggest alternative-asset manager took advantage of rising equity markets to sell shares of companies.
Steve Schwarzman, chief executive officer of the world’s biggest alternative-asset manager, said Blackstone Group LP is benefiting from increased regulation hampering traditional lenders such as the largest banks.
Billionaire Wilbur Ross invited Paul Ryan over for lunch. Goldman Sachs Group Inc. and Wells Fargo & Co. bankers met with Rand Paul at a fundraiser in Atlanta. Investor Rob Arnott dropped in on Ted Cruz.
Blackstone Group LP’s Steve Schwarzman, who runs the world’s biggest manager of alternative assets such as private-equity funds and real estate, said the U.S. economy is on a “pretty good path” as the Federal Reserve gradually reduces its monetary stimulus.