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Schwarzman receives $374.5m payout for 2013

Money On Hook

Blackstone Group chief Steve Schwarzman received $374.5m last year in pay and cash dividends, an increase of 76% from 2012, as the world’s biggest alternative-asset manager took advantage of rising equity markets to sell shares of companies.



Computer Hacker

Fired Morgan Stanley professional seeks to avoid jail

A fired Morgan Stanley financial adviser facing prison for downloading data on hundreds of thousands of customer accounts to a home server says he’s been told the bank 'suspected' Russian hackers got access to the information and offered to sell it on the Internet.