One of Trump's Treasury contenders hails from the most cutthroat private equity firm on Wall Street [CNN]
The Carlyle Group Inc. (CG)
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Source: CNN
Marc Rowan, a contender for what is arguably the most important economic job in the US government, is the CEO of Apollo Global Management, a behemoth in private equity, an industry notorious for its cutthroat, profit-at-all-costs standards. The 62-year-old executive's ascent to Donald Trump's Cabinet would, if he were nominated and confirmed, could represent a major win for one of the most powerful (and often despised) sectors of finance. As Treasury secretary, Rowan would directly oversee the Financial Stability Oversight Council, which is nominally responsible for policing the “nonbank” financial system, including the private equity industry in which he is currently a major player. The Treasury also houses the IRS and the Office of the Comptroller of the Currency, or OCC, which regulates banks. More to the point, Rowan, as Treasury secretary, would be able to ensure that those regulatory bodies continue to treat private equity the way they always have, under administrations o
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CG
Earnings
- 11/8/24 - Beat
CG
Sec Filings
- 11/15/24 - Form SC
- 11/14/24 - Form 4
- 11/12/24 - Form 144
- CG's page on the SEC website