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Blackstone is one of the largest investment firms in the world. It manages more than $1.3 trillion for pension funds, governments, insurance companies, and wealthy investors. The firm invests in private equity, real estate, credit, infrastructure, and other private markets. Its real estate business owns or finances thousands of properties around the world. Blackstone also lends money to companies and invests in their debt. In private equity, it buys businesses and works to make them more valuabl
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Why should ministerial salaries be benchmarked against the median income of the top 1,000 Singaporean earners, with a 40% discount? NMP Azhar Othman raised this question in parliament on Thursday (Sep 10), during a debate on changes to Singapore’s political salary framework. He argued that the government’s mandate differs fundamentally from that of a private equity firm and questioned whether political salaries should instead be compared with those in other democracies. #sgnews #singapore
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