Word: ceos
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...June 22, shares in the private-equity firm Blackstone Group began trading publicly on the New York Stock Exchange. By late afternoon, CEO Stephen Schwarzman's 23% stake in the firm he co-founded was worth almost $9 billion; he also pocketed $700 million cash from the deal...
...called it, is not the only reason Congress has suddenly developed an interest in the subject. Nobody proposes touching Schwarzman's big founder's stake, which slipped below $8 billion within days as Blackstone's stock price dropped. At issue instead is the mere $398 million he made as CEO last year, much of it in carried interest on Blackstone's investments. And the manner in which carried interest is taxed is enough to make even a megamillionaire corporate CEO envious...
...statement, Bill McComb, CEO of Liz Claiborne, said, "In losing Liz Claiborne, we have not only lost the founder of our company, but an inspirational woman who revolutionized the fashion industry 30 years ago. Her commitment to style and design is ever present in our thinking and the way we work. We will remember Liz for her vision, her entrepreneurial spirit and her enduring compassion and generosity...
...data storage costs dropping, why can't you keep your messages, or download them to your computer? Imagine if Yahoo! let you keep just 30 or 40 email messages at a time. (Instead they offer unlimited, free email storage). "People treat voice mail like toxic waste," says Craig Walker, CEO and founder of GrandCentral, a startup that offers unlimited voice-mail storage. "They feel like they have to delete every single message. But what if they want to save something?" says Walker. "I have 10,000 emails in my inbox, which is incredibly valuable. I can go back and find...
...nature of the private equity business model - buying existing companies and then spending years fixing them up before reselling and realizing gains - but it also makes it next to impossible to model future earnings and thus come up with a fair stock price, says Brian Hamilton, CEO of Sageworks, a financial analysis firm that specializes in private companies going public...