Posted by admin! / Under Blackstone Hotel
The NYPost is reporting that Blackstone's president, Tony James, is throwing a party at his house for Nancy Pelosi. Their sources tell the Post that the party is meant to encourage Pelosi to vote against the proposed tax rate increase on carried interest, the profits people make on money they have invested. Raising taxes on carried interest is a hot topic because carried interests isn't really income, but some people want to tax it as if it were. Currently carried interest is taxed at 15%. The proposed tax rate for carried interest is the same as the income tax rate,...
Published on Thursday 29th of July 2010 05:26:34 PM
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Posted by admin! / Under Blackstone Hotel
BOSTON (Reuters) - Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday. But the surest route to big bucks was running an oil or natural gas company. Their CEOs represented seven of the 10 highest-paid U.S. CEOs in 2008, according to a report by independent research group The Corporate Library. Schwarzman bumped Oracle Corp's Larry Ellison down to No. 2 on the list. They were...
Published on Thursday 29th of July 2010 05:26:34 PM
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Posted by admin! / Under Blackstone Hotel
"The rich are different from you and me," wrote Fitzgerald and I suppose they are, but the differences â they wax and wane with the economic tides. Gilded ages come, go, and are reborn on the monsoon cloudbursts of seemingly intangible forces such as globalization, innovation, and favorable tax policy. For the rich to be truly rich and multiply their numbers, they need help. Adept surfers they may be, but like all riders, the wealthy need a seventh wave that allows them to preen their skills and declare themselves masters of their own universe, if only for a moment in...
Published on Thursday 29th of July 2010 05:26:34 PM
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Posted by admin! / Under Blackstone Hotel
NEW YORK (Reuters) - The Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion in cash. Under terms of the deal, Blackstone will pay $47.50 for each Hilton share.
Published on Thursday 29th of July 2010 05:26:34 PM
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