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The Wall Street CEO who earned $1.6 billion last year

Summary by Sydney Morning Herald

Blackstone chief executive officer Steve Schwarzman’s windfall shines a spotlight on the billionaire’s wealth just as Washington takes aim at how private equity profits are taxed.

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Sydney Morning Herald

The Wall Street CEO who earned $1.6 billion last year

Blackstone chief executive officer Steve Schwarzman’s windfall shines a spotlight on the billionaire’s wealth just as Washington takes aim at how private equity profits are taxed.

19 hours ago·Sydney, Australia

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Truthout

Private Equity Firms Tighten Stranglehold on US, Angling for Boons Under Trump

Private equity has a well-deserved reputation as a ruthless industry that specializes in stripping and flipping companies to extract profits for wealthy investors and enrich its own billionaire CEOs. It’s an industry that increasingly dominates our lives. Private equity’s tentacles stretch across nearly every sector, including housing, hospitals, energy, prisons, retail and sports. Source

2 days ago·Sacramento, United States

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