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NEW YORK (Reuters)-Private equity and real estate firm Blackstone Group (BX.N) was recently asked by the Securities and Exchange Commission to provide additional information about how pays its executives, according to regulatory filings made public on Monday.
The revelation was made in a letter sent to the SEC that Blackstone dated 9 may, responding to a series of questions about how the various prizes were determined.
The SEC had noted in a letter dated 25 April that Blackstone appears to use "several factors to determine a basis" for executives and determines an "indicative interest of participation" for each individual delegate.
"These figures are then subject to adjustment by Schwarzman (CEO Stephen), in its sole discretion," the filing reads.
The SEC asks that in future filings, Blackstone details the nature of "individual performance factors every Executive".
Blackstone responded in his letter of 9 May that these figures are "internal measures that are applied to a number of individual companies and partnership".
It is said that it took into consideration variables such as performance, economic performance and success of Blackstone in hitting strategic targets.
Bloomberg previously reported the contents of the letters.
(Edited by Bernard Orr)
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