Here’s the filing for those who haven’t scanned already. Couple excerpts on comp:

• “We have no severance arrangements with any of our professionals. Accordingly, unlike in the case of many public companies, the departure of an executive officer or other senior managing director would not trigger any contractual obligation on our part to make any special payments to the departing professional. Moreover, following this offering Mr. Schwarzman will receive no compensation other than a $350,000 salary (and will own a significant portion of the carried interest earned from our carry funds).”
• “Because we believe that the talents and dedication of all of our employees contribute to our success, we intend to make equity awards to all of our approximately 710 non-senior managing director employees at the time of this offering.”
• Carry Dollars Created (Total)
  • 2006: 2,179,471,000 (which means gains were ~ $10 BN)
  • 2005: 568,627,000
  • 2005: 686,100,000
• “Our 57 senior managing directors have an average of 22 years of relevant experience. This team is supported by approximately 335 other professionals with a variety of backgrounds in investment banking, leveraged finance, private equity, real estate and other disciplines.”
• “For most carry funds, the carried interest is subject to an annual preferred limited partner return ranging from 7.0% to 9.0%. If, as a result of diminished performance of later investments in a carry fund’s life, the carry fund does not achieve investment returns that (in most cases) exceed the preferred return threshold or (in all cases) the general partner receives in excess of 20% of the fund’s net profits over the life of the fund, we will be obligated to repay the amount by which the carried interest that was previously distributed to us exceeds amounts to which we are ultimately entitled … In the case of our proprietary hedge funds, performance fees (or similar incentive allocations) are equal to 20% of the applicable fund’s net capital appreciation per annum, subject to certain net loss carry-forward provisions (known as a ‘high water mark’). In the case of some of our funds of hedge funds, we receive incentive fees ranging from 5% to 10% of net appreciation per annum, subject to a high water mark and in some cases a preferred return.”
• “At the time of this offering, we intend to grant to our non-senior managing director employees an aggregate of restricted common units under our 2007 Equity Incentive Plan, of which will be granted to our non-senior managing director professionals, analysts and senior finance and administrative personnel, to whom we refer collectively as ‘Non-SMD Professionals,’ and will be granted to certain of our other non-senior managing director employees, to whom we refer collectively as ‘Non-SMD Employees.’”
• “While employed by us and thereafter until the longest applicable Restricted Period to which the Non-SMD Professional is subject lapses … each of our Non-SMD Professionals will be required to continue to hold (and may not 168 transfer) at least 25% of the common units that are delivered to them in settlement of the IPO Date Award. No other transfer restrictions will apply.”
• “Subject to a Non-SMD Employee’s continued employment with us, the restricted common units granted to the Non-SMD Employee as part of the IPO Date Award will vest in equal installments on each of the first, second and third anniversaries of this offering. On each such vesting date, we will deliver cash to our Non-SMD Employees in an amount equal to the number of restricted common units held by each such Non-SMD Employee that will vest on such date multiplied by the then fair market value of the common units on such date”