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Carlyle Discloses Exec Pay - Pre IPO

January 11, 2012
The Carlyle Group in its latest amended prospectus, is shedding more light on its operations — with its executives’ compensation among the juiciest new revelations. According to a regulatory filing on Tuesday, the annual payouts for the private equity giant’s three founders — chairman, Daniel A. D’Aniello,  co-chief executives, William E. Conway Jr. and David M. Rubenstein — were about $3.8 million in salary and bonuses last year.  The pay packages do not include the cut each man received from the firm’s carried interest, or the portion of profits that Carlyle receives from its transactions. Carlyle also disclosed its financial performance as of the third quarter of 2011, in which it showed a marked improvement over the period a year earlier. It reported a 60 percent gain in net income attributable to the firm, to $918.1 million, on revenue of $2 billion. The profit increase was a result of growth in management fees and in performance fees from new deals. Carlyle also disclosed another detail: its planned stock ticker, “CG.” Unlike its peers (Blackstone Group and Kohlberg Kravis Roberts ) the firm plans to list on the Nasdaq instead of the NYSE.  A person briefed on the matter said the firm chose Nasdaq for reasons that included lower registration and listing fees and different services.[Dealbook 1/10/11]