Daily News: March 31, 2014

Bloomberg: Cavanagh Will Be Paid $7MM at Carlyle Group

Bloomberg reported that JPMorgan executive Mike Cavanagh will be paid $7 million a year for his first three years as co-president of private equity firm Carlyle Group.

According to Bloomberg , Cavanagh will also receive $32 million in restricted shares to make up for giving up JPMorgan stock.

To read the entire Bloomberg article, click here.