Fortress Three Top Leaders Split $44 Million Bonuses in 2015
- Edens, Nardone reap largest-ever bonuses since 2007 IPO
- Firm's profit declined 12%, shares slumped 31% during year
This article is for subscribers only.
Fortress Investment Group LLC paid its three top executives bonuses worth a combined $43.8 million last year as the company’s shares fell 31 percent, including reinvested dividends.
Co-Chairmen Pete Briger and Wes Edens received $22.6 million and $12.7 million, respectively, under the firm’s principal compensation plan, the bulk of it paid out in cash and the remainder in restricted stock, according to a proxy statement filed Friday with U.S. regulators. Chief Executive Officer Randy Nardone’s bonus for the year was $8.5 million. It’s the largest bonuses for Edens and Nardone since the New York-based company went public.