Carlyle CEO Awarded $187 Million Pay Package in First Year

Carlyle Group Inc. Chief Executive Officer Harvey Schwartz was awarded a $187 million pay package in his first year at the private equity firm.

The vast majority of his compensation — $180 million of restricted stock units that he received when he joined the firm — vests over several years and is based on how long he stays in the role and how well the shares perform. He also received a $6 million cash bonus that was double the size of his target and a salary of $838,462, according to a filing Wednesday.

Harvey Schwartz

Photographer: Nathan Howard/Bloomberg

Schwartz, 60, a former Goldman Sachs ...