Policy making billionaire and Carlyle Group co-founder David Rubenstein sold 2 million shares of Carlyle stock this week. He grossed over $77 million in the stock sale. His household should be able to withstand food prices up 12% and $5 a gallon gas.
His private equity underwriter (PEU) announced it would conduct an IPO for its stake in Alamar Foods, which operates Dominos Pizzas in the Middle East.
It's cash raising time for the greed and leverage boys. Excess leverage can shred a balance sheet. Add bad derivative bets and things can get very ugly.
Update 6-17-22: Washington Business Journal reported on Rubenstein's insider stock sale.
