Monday, January 20, 2014

Michelle Obama's 50th PEU

Members of the Government-Corporate Monstrosity celebrated Michelle Obama's 50th birthday at the White House.  They include a number of private equity underwriters:

Google’s Eric Schmidt, Facebook’s Sheryl Sandberg, Disney’s Bob Iger, 32 Advisors’ Robert Wolf, American Express’s Kenneth Chenault, Blackstone’s Tony James, Carlyle Group’s David Rubenstein, Haim Saban, Paul McCartney, Nancy Shevell, Bill and Hillary Clinton. 

I imagine Rubenstein gave a toast at the party.  Did he raise a glass to Carlyle's virtual nonprofit status?  The would be symbolic given Carlyle's rush into healthcare, recently buying a division of J&J and investing in a glaucoma treatment company.

President Obama served this group well in his time in office and should get huge rewards after an obligatory time working for a think tank.  Will Michelle also go for the big money, like Hillary?