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.

Why is the transition from a banking executive to a private equity firm leader considered challenging?

What has been the performance of Carlyle's stock compared to its rivals?