Posted on

Carlyle Names Harvey Schwartz, Former Goldman Sachs Executive, as CEO

The Carlyle Group named Harvey M. Schwartz on Monday as the private equity firm’s chief executive, nearly seven months after Kewsong Lee abruptly stepped down as chief after learning that […]




Posted on

Revenge of the Founders: A Generational Struggle on Wall Street

Last year, KKR gave its two chief executives pay packages that could be worth more than $500 million each, and over the past five years, Blackstone paid its co-founder and […]




Posted on

Private Equity Is the New Financial Supermarket

Three decades ago, Jonathan Gray might have been an unlikely candidate to become Blackstone’s president and expected successor to its chief executive, Stephen A. Schwarzman.Very little of Mr. Gray’s career […]




Posted on

How Private Equity Firms Avoid Taxes

There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.Overseen by a senior […]