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With the IPO of Blackstone (NYSE: BX), there's been lots of talk about the eye-popping compensation of some of its key principals. In fact, Congress is thinking of imposing higher taxes on the private equity industry.To get some perspective on things, I interviewed John Ryan, who is the president of RSMR Global Resources (which is a retained executive search firm). He has extensive experience with banks, financial institutions and private equity (PE) funds.
What's your take on the Blackstone compensation? Normal for private equity?
From what I have seen, Blackstone's compensation has been in line with other major city private equity firms.
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