Feb
10
Carlyle Group Reports Drop in Profit and Announces Stock Buyback
By
David Rubenstein, co-chief executive of the private equity giant Carlyle Group. CreditChad Batka for The New York Times
The Carlyle Group on Wednesday announced its first stock buyback as it tries to counter the perception, heightened by turbulent markets, that the boom in private equity is over.
The private equity giant, based in Washington, reported that profit in the fourth quarter — a measure that includes gains that have not been realized — fell by 59 percent, to $73 million, compared with the same period a year earlier…
Carlyle Group Reports Drop in Profit and Announces Stock Buyback
