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$20 Million fine a joke for Carlyle Group?
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Those of you following the New York pension fund placement agent debacle are probably wondering what kind of conflict of interest stories will come from California.
In the meantime, wrap your mind around the $20 million "payment" that the Carlyle Group is making in response to its allegedly illegal use of influence on fund investments.
Courtesy of Dan Primack's PE Hub:
The $20 million is a slap on the wrist. Here’s some context: Carlyle co-founder David Rubenstein paid more than $20 million for a copy of the Magna Carta (which he’s since loaned to The National Archives).
Now get back to your cubicles little people--that trickle down money from the Reagan era will be here any minute.
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