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Carlyle Group(5 posts)

Carlyle Groupgtx
Mar 26, 2003 6:58 PM
Type in "Carlyle Group" and "Bush" into Google. Disturbing if half the stuff in the links that come up is true...
Mar 26, 2003 9:46 PM
That's how private equity works...TJeanloz
Mar 27, 2003 10:04 AM
Carlyle isn't exceptional in the world of big private equity. And the "big names" like Bush (Sr.) aren't really the big beneficiaries of the investments. None of those articles appeared to have the faintest idea of how the private equity world works, and it addresses the fact that Carlyle pays some of those people quite a bit of money. Except that if John major was paid $150,000 for one month; and that were annualized, it would be a below average salary for a major P.E. player. But it does a great job of keeping the real investors out of the limelight...
so you're saying...gtx
Mar 27, 2003 2:45 PM
Bush and company don't stand to make a lot of money off the war(s)?
What's your definition of a lot?TJeanloz
Mar 27, 2003 4:31 PM
It shouldn't come as a surprise that defense contractors want to have former military guys on their BODs, as they lend credibility and expertise to the Company. I doubt that GHWB stands to really make any more as a result of the war than he would from Carlyle without the war. It's not like the defense budget has been shrinking. And it isn't unprecedented for former politicians to be powerful in business. Note that Al Gore, in his role on Apple's board, 'made' money the same way when the federal gov't subsidized connecting schools to the Internet. Bottom line is that anybody working for Carlyle already has enough money, and they aren't doing it because another $100,000 is really critical.