Huge pay for KKR chiefs
Kohlberg Kravis Roberts co-founders Henry Kravis and George Roberts were paid about $22m (£14.5m) last year in fee and other income, and own about a quarter of the private equity firm which is about to list on the NYSE, according to a regulatory filing.
The firm is moving closer to gaining its long-sought New York Stock Exchange listing, and yesterday it updated its filing with the US Securities and Exchange Commission with details of senior executive ownership and pay.
Kravis and Roberts were also both awarded a $70m non cash amount, which represents how KKR accounts for the difference in value between what they owned before KKR became a public company and how it is valued after becoming publicly traded.
KKR is going public by buying its Amsterdam-quoted fund and becoming a Euronext-listed company.