Asset Management
Carlyle Group Executive Compensation (FY25)
CG · Washington, DC · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 5, 2026
179 figures on this page: 173 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
The disclosed peer group includes Apollo Global Management, Inc., Ares Management Corporation, BlackRock Inc., Blackstone Inc. and Blue Owl Capital Inc., among others. Separately, Harvey Schwartz was paid $7,149,859 in total compensation as Chief Executive Officer and Director for fiscal 2025, and compared with the $29,590,176 reported for fiscal 2024, Schwartz's total was 75.8% lower, and for fiscal 2025, the company reported a chief executive pay ratio of 29:1, against median employee compensation of $250,000. The say-on-pay proposal drew 81.8% of votes cast for or against in favor at the meeting held June 3, 2026 for fiscal 2025.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Harvey Schwartz: $29,590,176 → $7,149,859 (75.8% lower)
Say-on-pay support: 70.3% → 81.8% (11.5 points higher)
CEO pay ratio: 110:1 → 29:1 (73.6% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Carlyle Group's chief executive and what were they paid?
Harvey Schwartz was paid $7,149,859 in total compensation as Chief Executive Officer and Director for fiscal 2025. Compared with the $29,590,176 reported for fiscal 2024, Schwartz's total was 75.8% lower.
What was Carlyle Group's say-on-pay result?
The say-on-pay proposal drew 81.8% of votes cast for or against in favor at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in Carlyle Group's peer group?
The disclosed peer group includes Apollo Global Management, Inc., Ares Management Corporation, BlackRock Inc., Blackstone Inc. and Blue Owl Capital Inc., among others.
What is Carlyle Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 29:1, against median employee compensation of $250,000.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kewsong Lee Former Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Peter Clare Chief Investment Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Christopher Finn Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Curtis Buser Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Bruce Larson Chief Human Resources Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
William Conway Interim Chief Executive Officer and Co-Founder Served on an interim basis | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Harvey Schwartz Chief Executive Officer and Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Bruce Larson Former Chief Human Resources Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Christopher Finn Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Curtis Buser Former Chief Financial Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Jeffrey Ferguson General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Redett Co-President and former Chief Financial Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
William Conway Former Interim Chief Executive Officer Departed during or after this year Served on an interim basis | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
John Redett Co-President and former Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Harvey Schwartz Chief Executive Officer and Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lindsay LoBue Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Jeffrey Ferguson General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Christopher Finn Senior Advisor and Former Chief Operating Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
John Redett Co-President and former Chief Financial Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Lindsay LoBue Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Harvey Schwartz Chief Executive Officer and Director | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Jeffrey Ferguson General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Christopher Finn | — | ◇ | — | — | — | — | — | ◇ |
| Christopher Finn | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Harvey M. Schwartz | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Jeffrey Ferguson | PSU | — | — | — | — | — | — | ◇ |
| John Redett | PSU | ◇ | — | — | — | — | — | ◇ |
| Lindsay LoBue | PSU | — | — | — | — | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Redett | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Lindsay LoBue | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Harvey Schwartz | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Jeffrey Ferguson | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Mark S. Ordan Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
William J. Shaw | ◇ | ◇ | — | — | — | — | ◇ |
Lawton W. Fitt | ◇ | ◇ | — | — | — | — | ◇ |
Anthony Welters | ◇ | ◇ | — | — | — | — | ◇ |
Afsaneh Beschloss | ◇ | ◇ | — | — | — | — | ◇ |
Linda H. Filler | ◇ | ◇ | — | — | — | — | ◇ |
Sharda Cherwoo | ◇ | ◇ | — | — | — | — | ◇ |
Derica W. Rice | ◇ | ◇ | — | — | — | — | ◇ |
William E. Conway Jr, Harvey M. Schwartz, James H. Hance, Jr, James H. Hance Jr, Dr. Thomas S. Robertson, Daniel A. D'Aniello and David M. Rubenstein served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Apollo Global Management, Inc. APO
- Ares Management Corporation ARES
- BlackRock Inc. BLK
- Blackstone Inc. BX
- Blue Owl Capital Inc. OWL
- Brookfield Asset Management Ltd. BAM
- Jefferies Financial Group Inc. JEF
- KKR & Co. Inc. KKR
- Lazard Ltd. LAZ
- Morgan Stanley MS
- T. Rowe Price Group, Inc. TROW
- The Goldman Sachs Group Inc. GS
- TPG Inc. TPG
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 3, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 29, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 29, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 30, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 31, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 1, 2021 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Carlyle Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Carlyle Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
179 figures on this page: 173 cited to the filing that reported them, 6 calculated from figures it prints.
173 cited to the filing
6 calculated from the filing
Documents cited
- 0001527166-26-000033
- 0001527166-26-000017CEO Pay Ratio · Director Compensation · Director Compensation Table · Outstanding Equity Awards at · and 1 more section
- 0001527166-25-000085
- 0001527166-25-000032Named Executive Officer Compensation · Named Executive Officer Compensation · Summary Compensation Table
- 0001527166-24-000054
- 0001527166-24-000044Named Executive Officer Compensation · Summary Compensation Table
- 0001527166-23-000068
- 0001527166-23-000049Summary Compensation Table
- 0001527166-22-000029
- 0001527166-21-000035
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Carlyle Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CG (accessed 2026).
Short form: data: Velarion
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Asset Management rankings
Peers Carlyle Group discloses
The companies named in CG's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}