Thursday, January 21, 2010

Carlyle Group's English Tentacles

English is the language of commerce. Business leaders ushered in an era of meanness and greed, according to GE CEO Jeff Immelt. He suggested "meanness and greed" extended beyond the business community to "leadership in general."

Students need training in English and business. The Carlyle Group's Wall Street Institute partnered with Harvard ManageMentor to accomplish this. Harvard will add their premium management development program to WSI's English language training. Topics include:

Leadership, Performance Management, Communications, and Business Strategy

Will Harvard need to update their modules given today's Supreme Court decision, opening campaign floodgates for corporate payola? Will they add a course on hiring the right lobbyist, given 2009's record lobbying spending? Consider Teddy Roosevelt's words:

Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people.

Shadow bankers like Carlyle personified meanness & greed. They have a long history of leveraging political influence, buying into strategic industries and garnering huge chunks of business from Uncle Sam. Carlyle's Booz, Allen, Hamilton is a huge government consulting firm. Behind the ostensible government sits enthroned an invisible government, maybe government consultants?

Carlyle co-founder David Rubenstein visited the White House six times, even broke bread with White House Chief of Staff Rahm Emanuel at the Blue Duck Tavern. Carlyle co-founder Bill Conway hates a level playing field. How will The Carlyle Group tilt future playing fields in their favor? How many of those fields will be political?

English is the language of business, headed by mean & greedy leaders. Those nefarious leaders now have the right to spend unlimited amounts on political campaigns. My guess is The Carlyle Group will keep on winning members of Congress, even the Presidency. Private equity underwriters (PEU's) like Carlyle expect big returns on their investment.