Tuesday, August 19, 2008

Lou Stepping Down as Carlyle's Chairman

The Carlyle Group announced the resignation of Lou Gerstner as Chairman of the politically connected private equity underwriter (PEU). His role will change to Senior Advisor for several of Carlyle's buyout funds.

Did failures at Carlyle Capital, Blue Wave, SemGroup and LifeCare create a surge that pushed Lou from the top chair? Mr. Gerstner reduces his role, effective September 30.

Who will take his place? It's likely a big name, one with stellar business and political connections. Who will be drawn to the top slot at Carlyle with their nearly $83 billion in funds managed? Given the evolving of Eisenhower's military-industrial complex into today's government industrial monstrosity, the PEU's selection of a new chair could tell more about America, than either Vice Presidential appointment. Strange days, indeed!