Monday, January 26, 2009

Rubenstein Now Sole Chair of Global Financial System Remake at Davos

World leaders gather this week at Davos, Switzerland for the World Economic Forum's annual soiree. The event theme is reshaping the global financial system. Political leaders are the new rock stars, as they've used public money to rescue the ever imploding financial sector.

The WEF commissioned a study on the crisis, outlining the danger and projecting opportunities. Carlyle Group founder David Rubenstein co-chaired the study group alongside Merrill Lynch CEO John Thain. However, Thain dropped out after last week's career implosion. Rubenstein assumes the chair. What are the odds the new system will favor private equity?