Blackstone extends CEO Schwarzman perks: Wall Street Journal

Blackstone CEO Stephen Schwarzman is getting more perks from the firm he founded, according to a story from the Wall Street Journal. As part of a new agreement with Blackstone, Schwarzman’s estate will be allowed to invest in or alongside BX funds without fees in the decade after his death, the WSJ said, citing a regulatory filing. Schwarzman also has free access to a car and driver for life, the story said. The executive, if and when he retires, will also be reimbursed for travel on behalf of Blackstone and entitled to legal representation for matters related to the firm, the WSJ said.