Blackstone sweetens deal with GSO’s Goodman: Financial Times

Blackstone has sweetened its deal with Bennett Goodman, co-founder of the investment group’s $130 billion credit business, to prevent him from leaving, the Financial Times said. Goodman’s new deal with BX will provide faster vesting of a $200 million share award dating from 2015, when he joined the firm, as well as include five weeks’ holiday a year and benefits that will match whatever Blackstone offers its other senior managing directors, with the exception of chief executive Stephen Schwarzman, the story said. BX has also promised they will not pay Goodman less than Dwight Scott, who was named president of GSO Capital Partners in June 2017.