The only thing more surprising than Mike Cavanagh's decision to leave J.P. Morgan for The Carlyle Group may be his new compensation package.
FORTUNE -- Last week, Mike Cavanagh was considered the heir apparent to JPMorgan Chase & Co. (JPM) CEO Jamie Dimon. Then this past Tuesday he became the latest high-profile banker to shun Wall Street for the world of private equity, agreeing to join The Carlyle Group (CG) as co-president.
What we didn't realize MORE