The Carlyle Group Inc., a leading American multinational private equity, alternative asset management, and financial services corporation, revealed in a recent securities filing that its top legal executive, Jeffrey Ferguson, had a total pay package amounting to nearly $9 million last year.
Ferguson, who has been serving as the global general counsel of Carlyle Group since 1999, earned more than $8.7 million last year, as per the securities filing. His compensation package was divided into different allotments like a $500,000 base salary, a cash bonus of almost $1.6 million, and over $6.4 million coming from stock awards, as indicated in the company’s proxy statement filed recently.
In addition to his role as Carlyle’s long-term global general counsel, Ferguson, a former attorney at Latham & Watkins and Vinson & Elkins, is also a managing director, overseeing the company’s legal and compliance functions. Ferguson has continued to play a pivotal role in the legal and regulatory considerations related to Carlyle’s global investment advisory business. He also maintains a keen focus on risk management and the continued enhancement of compliance functions.
The securities filings reveal that Ferguson liquidated almost $1.1 million in Carlyle stock last year. Despite this sale, he remains a significant shareholder, with company shares valued at $61.4 million, according to Bloomberg data.
Apart from Ferguson’s sizable compensation, Carlyle’s filing also disclosed a $187 million pay package for its Chief Executive Officer, Harvey Schwartz, who joined the investment giant from Goldman Sachs Group Inc. last year.
Carlyle Group, through its various subsidiaries and affiliates, focusses primarily on four key business areas: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The firm has $426 billion in assets under management as of December 31, 2023.
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