Monday, May 11, 2015

Carlyle Co-founders Lose Two Senior Executives

The Carlyle Group lost co-President Michael Cavanaugh and Chief Financial Officer Adena Friedman, two leaders touted as Carlyle's future when hired for top positions.  Cavanaugh took the CFO job at Comcast while Friedman returned to NASDAQ as CEO.  Seeking Alpha reported:

Two of the group of five expected to be the next generation of Carlyle's leadership - and for whom Carlyle created an entire financial structure to retain them - have now left. 
Working for the DBD's must be a challenge, helping each one move up the billionaire lists.  Can they pay anyone enough to do that job?