Carlyle Selects Goldman Veteran Schwartz as Next CEO

The transcript discusses the appointment of Harvey Schwartz, former Goldman Sachs Co-President, as the new leader of Carlyle, a major private equity firm. It highlights the challenges of leadership transition, especially in a firm with significant founder influence. The discussion also covers Carlyle's lagging market performance and the difficulties in fundraising, emphasizing the need for a fresh perspective to navigate these issues.

Who has been chosen as the new leader of the private equity firm?

• David Solomon

• Harvey Schwartz

• Lloyd Blankfein

• Jamie Dimon

What is notable about Harvey Schwartz's new role?

• He has no prior leadership experience.

• He is transitioning from a banking executive role to a private equity firm.

• He was previously a CEO at another private equity firm.

• He is the first non-banking executive to lead the firm.

What percentage of Carlyle's stock is still held by its founders?

• 50%

• 10%

• 75%

• 25%

What has been a significant challenge for Carlyle in recent times?

• Too many leadership changes

• Excessive growth in asset value

• Overwhelming fundraising success

• Lagging stock performance compared to rivals

How is Carlyle adapting to the current financial environment?

• By increasing its stock buybacks

• By reducing its credit operations

• By pivoting towards credit

• By focusing more on equity