Carlyle Tumbles as Its New CEO Calls for 'More Discipline'
Carlyle’s credit arm was its only business that added fee-related earnings in the quarter, which jumped 92 percent to $47.9 million.
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Carlyle’s credit arm was its only business that added fee-related earnings in the quarter, which jumped 92 percent to $47.9 million.
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The board expects him to bring a focus on financial metrics and embark on a review of budgets.
Carlyle Group chose former Goldman Sachs Group Co-President Harvey Schwartz to be its next chief executive as the private equity firm looks to move past a long-running succession challenge.
His arrival at Carlyle would resolve a long-running succession challenge at the Washington-based firm.