Newly elected New Hampshire Governor Kelly Ayotte resigned from the Blackstone Group Board of Directors. Blackstone, like The Carlyle Group, is a politically connected private equity underwriter (PEU).
Ayotte's appointment to Blackstone's board was big news in 2019.
As a growing body of research shows that gender diversity on a company's board of directors usually improves long-term shareholder returns, Stephen Schwarzman's Blackstone Group has added former U.S. Senator Kelly Ayotte of New Hampshire as a director. The appointment would double the number of female directors to two out of 11 total board members, or 18%.The PEU boys like their female representation in line with their preferred tax rates.
Politicians Red and Blue love PEU and increasingly, more are one.
