Wednesday, June 30, 2010

LA Business Conference Features PEU's

Carlyle Group co-founder David Rubenstein will keynote the ACG Los Angeles Annual Business Conference, held on September 21 & 22, 2010. ACG stands for the Association for Corporate Growth. Headliners include Mitt Romney, Senator Tom Daschle and Senator Bill Frist. What do they have in common? Private equity underwriter (PEU) ties.

Mitt Romney - Bain Capital

Tom Dashle - Intermedia Advisors, Apollo Group

Bill Frist - Cressey & Company, KKR (via his HCA holdings)

David Rubenstein - The Carlyle Group (which also employs Bill Frist's son, Harrison)

Apparently Tom Daschle failed to communicate his non-lobbying status to conference promoters. They describe him as:

Sen. Tom Daschle, who represented South Dakota in the Senate from 1986 until 2004, and for several years headed the Democratic caucus in the Senate as majority or minority leader. After leaving the senate he had lobbied for healthcare companies and was an active proponent of the Obama health plan.

Proponent? Try designer. Ex-politician PEU's continue remaking America to their advantage, when they're not reshaping the globe.