April 28 - TheStreet.com - David Rubenstein, co-founder of the private-equity behemoth Carlyle Group, defended his company and the industry he stands for just moments after being harrassed by disgruntled union organizers today.
In his keynote presentation to the Society of American Business Editors and Writers annual conference in Baltimore, Rubenstein said, "the biggest cost-cutting efforts in the U.S. have nothing to do with private equity."
He noted that the idea of private equity is to make companies more efficient, but to do so outside of the glare of the quarterly earnings cycle to which public companies are subjected. Read More.
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