1. Articles from Alex Morrell

    1-4 of 4
    1. Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017

      Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017
      • Blackstone founder and CEO Steve Schwarzman earned $787 million in 2017.
      • Most of that is dividends from the shares he owns in the firm.

      Blackstone founder and CEO Steve Schwarzman had a monster year in 2017.

      Schwarzman drew a salary of $350,000 in 2017, which is a healthy chunk of change to most people (the median household income is about $60,000)...

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      Mentions: CEO SEC stock options
    2. 48-year-old Billionaire Jonathan Gray is Replacing Tony James as Blackstone’s COO

      48-year-old Billionaire Jonathan Gray is Replacing Tony James as Blackstone’s COO
      • Private-equity giant Blackstone Group has promoted Jonathan Gray to replace Tony James as COO.
      • Gray, 48, has run the firm's global real estate group since 2005.
      • Gray joined the firm out of college in 1992 and has built a billion-dollar fortune in his time there.

      Alternative-asset management giant Blackstone Group has tapped 48-year-old billionaire Jonathan Gray as its next chief operating officer, the company announced Tuesday...

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      Mentions: Blackstone
    3. Breaking News: It Looks like Nelson Peltz Might Have Won the Biggest Proxy Battle in History After a Recount

      Breaking News:  It Looks like Nelson Peltz Might Have Won the Biggest Proxy Battle in History After a Recount
      • Nelson Peltz appears to have won his proxy battle for a seat on Procter & Gamble's board.
      • In October, Peltz was initially reported to have lost the proxy vote by a slim margin.
      • Now, a recount shows Peltz actually won by 43,000 votes — a 0.002% margin.

      A little over a month ago, it looked like Nelson Peltz had been foiled in the biggest proxy battle in history...

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    4. 'The Federal Reserve has Done Nothing': Elizabeth Warren Urges the Fed to Clean House at Wells Fargo

      'The Federal Reserve has Done Nothing': Elizabeth Warren Urges the Fed to Clean House at Wells Fargo

      Sen. Elizabeth Warren wants the Federal Reserve to clean house at Wells Fargo, asking for the removal of the 12 members of the board of directors who served while the fake accounts scandal was ongoing.

      In a letter sent to Fed Chair Janet Yellen Monday, Warren argued that the directors present from 2011 to 2015, when Wells Fargo employees opened as many as 2.1 million accounts for customers without their knowledge, need to go — and that the Fed has the authority to remove them under a Congressional statute regarding the governance of insured depository institutions like Wells Fargo.

      "I ...

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    1-4 of 4
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    'The Federal Reserve has Done Nothing': Elizabeth Warren Urges the Fed to Clean House at Wells Fargo Breaking News:  It Looks like Nelson Peltz Might Have Won the Biggest Proxy Battle in History After a Recount 48-year-old Billionaire Jonathan Gray is Replacing Tony James as Blackstone’s COO Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017 Elon Musk Says he has No Plans on Stepping Down as Chairman and CEO of Tesla Elizabeth Warren: Companies Shouldn’t Be Accountable Only to Shareholders DealerSocket Adds Former GM Exec to Board of Directors Starboard Eyes Symantec Board Seats After Taking Stake Neptune Announces Appointment of Hélène F. Fortin to its Board of Directors The CMO of $30 Billion Financial Giant State Street Says to be Successful, You Have to be the CEO of Your Own Brand Swiss Parliamentarian Doris Fiala Joins Blockchain Startup Procivis' Board of Directors Tesla's Board Scrambles to Control a Chief Executive Who Some Directors Think is Out of Control