Blackstone senior-partner payouts were cut by millions, the Journal says, as Meghji plans a year-end exit
The Wall Street Journal said senior-partner payouts were cut by millions after a weak real-estate stretch, and that exits include global head Nadeem Meghji, who in September said he is leaving at year-end. Blackstone said the real-estate group still has 45 senior partners.
By Marcus Rodriguez ·
Why it matters: The Journal ties shrinking Blackstone real-estate payouts to high-level exits, including Meghji's planned year-end departure. The firm said the real-estate group's partner count is unchanged at 45.
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Tickers: BX
The Wall Street Journal said a weak real-estate stretch cut Blackstone ($BX) senior-partner payouts by millions of dollars. Exits include global head Nadeem Meghji, who in September said he is leaving at year-end.123 The firm said the real-estate group still has 45 senior partners.2
Sources
- Dwindling Pay Fuels High-Profile Exits From Blackstone’s Marquee Real Estate Team, MBA Newslink
- Blackstone Real Estate Loses Nearly a Third of Its Top Execs, Yahoo Finance (CRE Daily)
- Is Blackstone’s exec exodus a canary in the CRE coal mine?, Scotsman Guide
Tags: real-estate