Three Carlyle founders each land a $138m payday
Three Carlyle founders each land a $138m payday
With the private equity sector facing scrutiny in the public sphere during the Republican nomination race, one firm's founders enjoy a massive payout
Dominic Rushe guardian.co.uk, Wednesday 11 January 2012 17.24 EST
The trio who founded private equity powerhouse Carlyle Group took home more than $400m in compensation last year, according to a regulatory filing.
The huge payday for the firm, which claims presidents and prime ministers among its advisers, comes as the private equity industry has fallen under intense scrutiny over the course of the race for the Republican nomination.
Current GOP frontrunner Mitt Romney has come under fire for his time at Carlyle rival Bain Capital, where he amassed a large personal fortune.
Carlyle founders David Rubenstein, Bill Conway and Daniel D'Aniello each received $138m in pay last year, according to documents filed with the top US financial watchdog the Securities and Exchange Commission (SEC).
More:
http://www.guardian.co.uk/business/2012/jan/11/carlyle-founders-land-400m-payday
sarcasmo
(23,968 posts)RevStPatrick
(2,208 posts)...the company that brought us George W Bush, 9/11 and the Iraq War.
Enjoy your coffee!
UpInArms
(51,284 posts)no more tonic water from them for me!
OnyxCollie
(9,958 posts)[IMG][/IMG][IMG][/IMG]
Octafish
(55,745 posts)"Money trumps peace."
http://journals.democraticunderground.com/Octafish/150
What's Tim Tebow say about the eye of a needle?
bulloney
(4,113 posts)Coincidence?
grasswire
(50,130 posts)They watched real time coverage of the attack on the WTC together.
McCamy Taylor
(19,240 posts)They had huge losses during the mortgage meltdown, and yet here they are rich as sin. Did W. cut a deal to save his Pappy's company?
JHB
(37,161 posts)...I hope they don't get lazy about it. But they won't, because they worked SOOO hard to make all that money.
<-- It shouldn't be necessary, but we live in satire-proof times. Why take chances?
cstanleytech
(26,319 posts)or any other bills including no money for food or medicine.
JJW
(1,416 posts)Afghanistan's entire military annual funding.
Auntie Bush
(17,528 posts)homes for the elderly, or help with the education of our children and college students etc. etc. etc Heaven forbid they pay more taxes!
tclambert
(11,087 posts)Bossy Monkey
(15,863 posts)7wo7rees
(5,128 posts)And Carlyle got Baskin-Robbins in the Dunkin Donuts deal. Enjoy your ice cream.
Hotler
(11,445 posts)I hope those fuckers and others like them choke on the money. It's time to storm their mansions and drag their asses out into the streets.
UTUSN
(70,740 posts)Jimmy harbored a nest of vipers: Add Tweety and Pat CADDELL, both of whom have traded off of their supposedly being the "Liberal" halves of cable yak "debates," but who have done more damage to Democratic politicians than most Rethugs.
During Campaign 2000, Tweety fragged Al GORE 5 days per week, 2 hrs per day, then did the crying thing saying that GORE's concession speech was "the noblest thing I ever heard." His drooling over Shrub's fake flight suit package.
And CADDELL has LOST for every Democratic candidate ever since being credited for CARTER's win. He failed even with the New Coke. He's been a stooge at the Faux Propaganda Network for years.