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"Can you say military-industrial complex? The Carlyle Group can. With former Defense Secretary Frank Carlucci leading the charge, the Washington, DC- based investment firm made a name for itself in the 1990s by snatching up defense industry remnants."
"Carlyle's directorship reads like George W. Bush's inaugural ball invite list. Reagan Secretary of the Treasury James Baker serves as a senior counselor, and Richard Darman, former director of the Office of Management and Budget under George Bush (the elder), is a managing director. Former President George Bush has served with Carlyle and Colin Powell, before becoming Secretary of State, made an appearance on behalf of the firm."
"Carlucci helped redirect the firm's focus to the downsizing defense industry. ... As the company's reputation grew, so did its cast of players. Among its new backers were James Baker and Richard Darman (both Reagan and Bush administration alums) and investor George Soros, who chipped in some $100 million into the Carlyle Partners L.P. buyout fund. With the help of its "access capitalists" such as Baker and Saudi Prince al-Waleed bin Talal (whom the firm helped add to his fortune in a 1991 Citicorp stock transaction), Carlyle made deals in the Middle East and Western Europe (including a bailout of Euro Disney) in the mid-1990s." ... [more]
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