Sundar PichaiSundar Pichai earned $164M in 2023
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Kewsong Lee

Ex-CEO of The Carlyle Group

Education

MBA from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Born

August 12, 1965 - 59 years ago

Economy Sector

Financial Services

Tenure

4 years 7 months (Jan 2018 - Aug 2022)

Previous Experience

Partner at Warburg Pincus

Kewsong Lee, born on August 12, 1965, is the former CEO of The Carlyle Group, a major player in global investment. He brings a wealth of experience from his long tenure in finance, having worked at Warburg Pincus before joining...

Year

2022

Total Compensation

$51.51M

Salary

$606.73K

Board Justification

The compensation philosophy emphasizes performance alignment with firmwide results, with a significant portion of compensation linked to the achievement of financial metrics and long-term value creation.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2022 due to termination of employment in August 2022.

Other

$3.47M

Board Justification

Other compensation includes $1,124,000 in cash severance, $2,106,133 in carried interest allocations, $125,000 in legal fees, $55,000 for public relations services, and $36,698 for personal use of a car service.

Restricted Stock

$47.43M(945.3K RSUs)

Board Justification

The vested stock includes 250,000 one-time CEO time-vesting RSUs, 152,043 performance-vesting RSUs earned based on 2022 performance, and 750,000 four-year performance-vesting outperformance RSUs earned based on performance from January 1, 2019 through December 30, 2022, all of which vested on February 7, 2023.

Performance Metrics

Performance metrics for compensation included Fee Related Earnings (FRE), Net Realized Performance Revenues (NRPR), and Fee-Earning Assets Under Management Raised (FEAUM Raised).