Friday, August 14, 2009
Blackstone's Steve Schwarzman brings home $700 million payday as investors lose 20%
Only on Wall Street!
What a perversion!!
Investors in Blackstone Group (of which I am one--go ahead, call me stupid!), lost 20% in the past year, however, that didn't stop Blackstone's CEO, Steve Schwarzman from bringing home the highest payday on Wall Street: $702 million.
And to make matters even more incomprehensible, we have a president who was elected on the promise to help the working class, yet who's doing all he can to sustain Wall Street in its present form.