Blackstone Asked by SEC for More Disclosure on Compensation
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Blackstone Group LP, the world’s largest private-equity firm, was asked by the U.S. Securities and Exchange Commission for more detail about how its top executives are paid, as buyout firms continue to confront the scrutiny that comes with public listings.
The SEC, in a letter dated April 25, asked New York-based Blackstone for further information about compensation for the firm’s so-called named executive officers. The letter, along with the company’s May 9 response, was disclosed in filings today by Blackstone.