CARLYLE GROUP HIRES FORMER FCC CHAIRMAN AS PARTNER
[DAVID] RUBENSTEIN HAS MAINTAINED a good
relationship with President
Obama. In 2012, at the urging of the White House, the Carlyle [Group] took a majority
stake in a troubled Sunoco oil refinery near Philadelphia, the largest refinery
on the East Coast. A few months later, Rubenstein defended Obama against charges that he is anti-business, telling Reuters, ‘Generally I think the Administration is quite open and accessible.’ In early 2014, the Carlyle [Group] hired Obama's first chairman of the Federal Communications Commission, Julius Genachowski, as a managing director and partner in its U.S. buyout team.”
Obama. In 2012, at the urging of the White House, the Carlyle [Group] took a majority
stake in a troubled Sunoco oil refinery near Philadelphia, the largest refinery
on the East Coast. A few months later, Rubenstein defended Obama against charges that he is anti-business, telling Reuters, ‘Generally I think the Administration is quite open and accessible.’ In early 2014, the Carlyle [Group] hired Obama's first chairman of the Federal Communications Commission, Julius Genachowski, as a managing director and partner in its U.S. buyout team.”
Alec MacGillis, “The Billionaires’ Loophole,” New Yorker,
March 14, 2016, pp: 64-73.
