KKR & Co. the private-equity firm run by Henry Kravis and George Roberts, is in discussions with former Central Intelligence Agency Director David Petraeus about a role at the company, according to a person with knowledge of the talks....
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Photograph by Ken Cedeno/Bloomberg
Retired Army General David Petraeus, pictured as the top U.S. commander in Iraq, in 2007.
Petraeus ‘All In’ for Private Equity?
Photograph by Ethan Miller/Getty Image
A Bushmaster Firearms rep, right, shows an attendee a semi-auotmatic Bushmaster Enhanced Adaptive Combat Rifle (ACR) at the Bushmaster Firearms booth at the National Shooting Sports Foundation's 34th annual Shooting, Hunting, Outdoor Trade (SHOT) Show.
Guns and Private Equity – Cerberus: Teacher-Clients’ Interests in Mind
It didn’t take long for Cerberus to remember who its masters are. The New York-based private equity firm, which takes its name from the mythical three-headed dog that guards the gates of Hell, said late yesterday it would sell Freedom...
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Photograph by David L Ryan/The Boston Globe via Getty Images
Mitt Romney, head of Bain & Company, Inc.
Bain (The Man) Speaks Out
We’ve heard from Bain, the Firm. Now there’s something (a little something) from Bain, the Man. The Daily Beast coaxed the hyper-private Bill Bain into addressing the criticism directed at his namesake firm and his protégé Mitt Romney’s tenure there...
Read more »From a KKR Perch, More Scrutiny Ahead for Wall Street
Vikram Pandit’s abrupt departure from Citigroup today is yet another reminder that Wall Street, while healing, is still in a state of existential crisis. Big questions abound about the future of the big banks in the face of a sluggish...
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Photograph by Victor J. Blue/Bloomberg
Stephen Schwarzman, chairman and chief executive officer of Blackstone Group LP.
Private Equity’s Election Bounce?
Could all this madness actually be good for business? After enduring almost a year of attacks on private equity, one of its chief practitioners seems to think the industry could come out ahead when the November dust settles. Steve Schwarzman,...
Read more »Romney: Bain `Harvested’ Profits, Seen in Newly Unearthed Video
Mother Jones, the magazine that first publicized the comments of Republican nominee Mitt Romney describing 47 percent of Americans as “victims” dependent on federal largesse, has released another video showing the former Massachusetts governor characterizing Bain Capital LLC, the firm...
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Photograph by Nicholas Kamm/AFP/Getty Images
Mitt Romney at a town hall meeting in Grand Junction, Colorado.
Romney Transcends Private Equity… Until He Doesn’t
So just how big a drag is Mitt Romney’s history in private equity? Not much, if you believe the latest NBC News Wall Street Journal Poll, which involved interviews from Sept. 12 to 16 with 900 registered voters. Voters ranked...
Read more »The Boca Raton Home Private Equity Built: Romney’s May 17 Fundraiser
The property taxes alone on the home where Mitt Romney addressed supporters about the 47 percent of Americans who pay no taxes run more than $68,000 a year. The $3 million home of private equity executive Marc Leder west of...
Read more »Over The Top? — `Outside Group’ Cited for `Disgusting’ Campaign Ad
President Barack Obama’s re-election campaign operatives and allies have taken some heat for a Web-ad that the super-PAC backing Obama has prepared. It features Joe Soptic, former employee of a company that Bain Capital closed, speaking of losing his wife...
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Photograph by Landov
An abandoned building from the bankrupt GST Steel Company in Kansas City, Missouri.
Romney Doesn’t Care: Obama-Backing super-PAC’s Ad Appeal
The super-PAC backing President Barack Obama’s re-election campaign has focused attacks on the impact that Republican Mitt Romney’s work in private equity had on some of the businesses it took over. While Romney speaks of an overall gain in employment...
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