One More Thought: End of a Private Equity Era

The video discusses the transition of leadership at KKR, a major private equity firm, as co-CEOs step down, following a trend in the industry. It highlights the origins of KKR, founded by Henry Kravis and George Roberts, and their significant impact on Wall Street, particularly with the RJR Nabisco deal. The video also covers KKR's growth into a mainstream entity managing $430 billion in assets. The new co-CEOs, Jobey and Scott Nuttall, are tasked with continuing KKR's legacy, with advice from Kravis emphasizing the importance of embracing change.

Who were the Co-CEOs stepping down from KKR?

• David Rubenstein and Bill Conway

• Henry Kravis and George Roberts

• Steve Schwarzman and Ace Greenberg

• Jobey and Scott Nuttall

What was the significant takeover by KKR in 1988?

• Bear Stearns

• Carlisle

• RJR Nabisco

• Wall Street

What did Henry Kravis become a symbol of during the 1980s?

• A destroyer of companies

• A mainstream business leader

• A liberator of companies

• A symbol of the roaring 80s on Wall Street

What is the main challenge for the new Co-CEOs of KKR?

• Matching the achievements of their predecessors

• Focusing on one big deal

• Creating a new private equity firm

• Avoiding change

What advice did Henry Kravis give about change?

• Avoid change at all costs

• Embrace change to avoid obsolescence

• Change is unnecessary

• Change is only for the brave