Investing on behalf of more than half of the public pensioners in the United States, the private equity industry represents hundreds of companies and millions of employees.The piece quoted Blackstone's Stephen Schwarzman, KKR's Henry Kravis, Carlyle's Daniel D'Aniello and TPG's David Bonderman. This effort will target employment for veterans. One might wish to consider how these firms treated employees, including veterans the last several decades.
A former financial reporter wrote in 2010:
I have seen so many people -- particularly those in their 50s - 70s -- taken apart by what has happened in their industry as greed has hollowed out the economy. These are people took pride in their jobs and held themselves to this invisible standard that we all just took for granted, but is being wiped out.
The Carlyle Group scares me more than anything I've ever seen on Wall Street. It seems to exist to corrupt politicians and it's hard to know who they even represent.
I watched a video interview of (David) Rubenstein and his arrogance is really beyond tolerance. He was going on about the debt ceiling problem and how there would need to be cuts in services and higher taxes. When the reporter asked him about tax on carried interest he turned really disdainful and said that this "only" amounted to $22 billion over some number of years and this was not serious money. Boy, nothing like everybody doing their small part to save the country from oblivion!How many veterans were taken apart by PEU greed that hollowed out our economy? That number should be compared to the number they employ as a result of their summit and PEU veterans initiative.
As for Carlyle's existing to corrupt politicians that's the First Lady on their home page. I believe the Obama's have a bright PEU future after their stint in the White House.