Monday, March 30, 2009

Carlyle Group's Kresa to Chair GM Board

One half of General Motors new leadership team has private equity underwriter (PEU) ties. Kent Kresa will step in as interim Chairman of the GM Board. He is Senior Advisor to The Carlyle Group, a huge politically connected PEU.

Carlyle's headquarters are on Pennsylvania Avenue, down the street from the White House. It seems they retained their big money boy influence in the changing of the guard.