Private Equity

Carlyle board met CEO’s early contract proposal with silence

Kewsong Lee, who is stepping down, submitted an initial proposal last spring, sources say

As Kewsong Lee’s five-year contract was drawing to a close, advisers to Carlyle Group’s chief executive worked with representatives of the buyout firm to prepare an initial proposal for a new deal.

Submitted this past spring, the contract proposal never got a response from Carlyle’s board, according to people familiar with the matter.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink