Sports news revealed Lloyd Howell, the head of the NFL Players Association, is also an operating executive for The Carlyle Group, a politically connected private equity underwriter (PEU). Carlyle is one of three private equity firms approved by the league for partial team ownership stakes.
Howell gets $3.4 million for his full time job as Executive Director of the NFL players union. His other high paying gigs include The Carlyle position as well as three corporate board seats (Moody's, GE Healthcare and Mantech).
Numerous handsome paying gigs is common amongst our nation's PEU elite. Being on multiple sides of a deal is also common in PEU-ville. Add "player representative-potential team part owner" to the latest PEU irreconcilable conflict.
Union jobs ain't what they used to be if you get paid $3.4 million and get to keep your PEU side gig. Welcome to the PEUnion.
