Wednesday, November 29, 2017

Double Digit PEU Raises

Bloomberg reported:

The most junior PE professionals saw base salaries increase by 14 percent to $125,000.
Private equity is now an employer of choice for former politicians, however they don't enter at the junior level.

As for the PEU pay survey, Bloomberg included a caveat:

And that doesn’t include bonuses and carried interest, or their cut of deal profits.
Private equity underwriters (PEU) fare well in tax reform, keeping their preferred carried interest taxation under both the House and Senate bills.   Are they looking after their supporters, their future income or both?

Politicians Red and Blue love PEU.

Update 12-9-17:  Jacobin reported:  "The Obama presidency was a disaster for middle-class wealth in the United States. Between 2007 and 2016, the average wealth of the bottom 99 percent dropped by $4,500. Over the same period, the average wealth of the top 1 percent rose by $4.9 million."