Tuesday, 30 September 2014
Last updated 5 hours ago
Aug 20 2008 | 11:06am ET
Louis Gerstner will retire as chairman of The Carlyle Group at the end of next month, the firm said yesterday.
Gerstner joined the Washington, D.C.-based private equity giant five years ago after nearly a decade at the helm of IBM. He also served as CEO of RJR Nabisco and as a top executive at American Express.
“Initially, I committed to be chairman of Carlyle for one year,” the 66-year-old Gerstner said. “But year after year I continued to be impressed with Carlyle’s value creation model and its efforts to globalize the firm. However, at this point in my life, I have a number of goals and interests yet to fulfill, requiring me to step back at Carlyle.”
Gerstner will remain a senior adviser to Carlyle’s buyout funds.
The firm did not name a successor to take over when Gerstner steps down on Sept. 30.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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