Schwarzman on path to $1B payday in a single year

When it comes to big paydays, private equity is the place to be.

Fuhgeddabout the big banks, which are under siege from shareholders to slim down or break up. Even hedgies are taking their lumps for carving outsize pay while often failing to outperform the broader market.

In fact, according to calculations by Crain's New York Business, Blackstone boss Steve Schwarzman is well positioned to become the first leader of a public company to be paid more than $1 billion in a single year. He received $690 million in 2014.

This year could prove even richer for Schwarzman, considering that Blackstone has more than 80 companies to shop around, the paper reported.

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