CG Jan 2025 50.000 put
- Yahoo Finance Video
Earthquake hits Turkey and Syria, Tesla raises Model Y prices, Carlyle names Harvey Schwartz CEO
Notable business headlines include Turkey and Syria being hit by a 7.8 magnitude earthquake, Tesla raising its Model Y prices by as much as $1,500, and the Carlyle Group choosing Harvey Schwartz as the company’s new CEO.
- Financial Times
New Carlyle CEO Harvey Schwartz in line for $180mn pay deal
Carlyle Group’s new chief executive Harvey Schwartz stands to make more than $180mn over the next five years, a package that would make him one of Wall Street’s highest-paid executives. Schwartz, a former Goldman Sachs executive, will receive up to $108mn in performance-based stock awards to be paid in annual instalments should Carlyle’s shares rise by a specified amount over the five-year period, according to a securities filing released on Monday evening. In addition, Schwartz, whose appointment was announced on Monday, is being granted $72mn in restricted stock awards that vest between 2024 and 2027, contingent on his continued employment at the New York and Washington-based investment group.
- Financial Times
Carlyle hires ex-Goldman Sachs executive Harvey Schwartz as chief
Wall Street veteran takes helm at private equity group that has lagged behind rivals in recent years
