Why did Kewsong Lee leave Carlyle?
Asked by: Verda Heidenreich DVM | Last update: February 20, 2026Score: 5/5 (23 votes)
Kewsong Lee left Carlyle in August 2022 due to an abrupt power struggle and disagreements with the firm's founders (Bill Conway & David Rubenstein) over control, strategic direction (diversifying beyond private equity), and compensation, leading to an impasse during his contract renewal negotiations. The founders felt Lee wasn't consulting them enough and wanted to reassert more active management, while Lee clashed with their influence and sought more autonomy and higher pay, ultimately resulting in his departure when they couldn't agree.
Did Kewsong Lee leave Carlyle?
Carlyle said in a statement it and Lee mutually agreed his contract which was due to finish at the end of 2022 would not be renewed, without disclosing their reasons. The firm, which reported earnings two weeks ago without flagging potential leadership changes, said Lee had also stepped down as a board member.
Did Carlyle CEO step down?
Youngkin left in 2020 and shortly after became Virginia's next governor. And now, Lee—Carlyle's lone-standing CEO—has suddenly resigned. Private equity firm Carlyle Group Inc said on Sunday Chief Executive Kewsong Lee, 56, has stepped down with immediate effect months before the scheduled end of his five-year contract.
Who is the new CEO of Carlyle?
Harvey M. Schwartz is the Chief Executive Officer of Carlyle and member of the Board of Directors. He has served in such capacity since February 15, 2023, and is based in New York.
Who is Kewsong Lee?
Kewsong Lee (born August 12, 1965) is an American businessman and former chief executive officer of The Carlyle Group from 2018 to 2022. He founded BellTower Partners in 2023 and in 2025 became the vice chair of the United Soccer League. Albany, New York, U.S.
Why did Carlyle’s CEO resign? | FT Due Diligence
Who took over Carlyle Finance?
CARLYLE FINANCE has been snapped up by a major South African bank in a multi-million pound deal. WesBank, a division of FirstRand Bank, has reached agreement with Julian Hodge Bank to acquire its Carlyle Finance business for an undisclosed sum.
How much is Lee Company worth?
Lee Enterprises has a market cap or net worth of $31.44 million as of January 15, 2026. Its market cap has decreased by -65.34% in one year.
How much does the CEO of Carlyle make a year?
Harvey Schwartz, Chief Executive of The Carlyle Group, earned $29.6 million in total compensation in 2024, placing him among the highest-paid CEOs in the U.S. financial services sector, according to newly published data from S&P Global Market Intelligence.
Which CEO got rejected multiple times?
David Solomon was rejected twice by Goldman Sachs. The second time was brutal. He made it to the final interview and had to meet a partner at the firm. The partner looked at his CV and said, "David, let's face it, you're really not Goldman Sachs material." Today, he is the CEO of Goldman Sachs.
Who are the top 10 owners of Carlyle Group?
The top owners of The Carlyle Group include its co-founders (Daniel D'Aniello, William Conway Jr., David Rubenstein) and major institutional investors like BlackRock, The Vanguard Group, Capital World Investors, and Morgan Stanley, with ownership shares fluctuating but generally showing significant stakes held by these key individuals and firms, alongside other large asset managers like State Street.
What are the big 4 private equity firms?
The "Big 4" private equity firms typically refer to the largest and most influential firms by assets or fundraising, usually Blackstone, KKR, Carlyle Group, and often Apollo Global Management or EQT, though rankings vary, with KKR, EQT, and Blackstone often leading recent fundraising. These firms manage vast amounts of capital, investing in diverse sectors, and are key players in global finance, alongside other giants like Thoma Bravo, TPG, and Vista Equity Partners.
Who is Carlyle owned by?
The Carlyle Group isn't owned by a single person but is a global investment firm co-founded by David M. Rubenstein, William E. Conway, Jr., and Daniel A. D'Aniello, with Rubenstein and Conway serving as Co-Chairmen. It's a publicly traded company (NASDAQ: CG) with many investors, but these founders remain key figures, alongside current CEO Harvey M. Schwartz, managing its vast private equity and investment funds.
Is Carlyle a good PE firm?
One of the world's largest investment firms, it ranked first among private equity firms by capital raised from 2010-2015, according to the PEI 300 index. In June 2024, it ranked sixth in Private Equity International's PEI 300 ranking among the world's largest private equity firms.
What does Debra Lee do now?
Debra Lee, the former CEO of BET Networks, remains a prominent business leader, serving on the boards of major companies like Warner Bros. Discovery, Marriott International, and Procter & Gamble. She also founded Leading Women Defined Foundation and The Monarchs Collective, focusing on leadership development, and is a sought-after speaker, advocating for adaptability in the age of AI and promoting diversity in corporate leadership.
Does Carlyle still own Mantech?
The firm has over 7,000 employees and supports more than 50 U.S. government agencies and commercial customers on more than 1,000 contracts. Revenues increased from $431 million in 2001 to $1.96 billion in 2018. In May 2022, MANTECH announced their agreement to be acquired by the private equity firm The Carlyle Group.
Who is the most overpaid CEO?
At the top of the list: Warner Bros. Discovery's David Zaslav, who received $246 million in 2022 even though the company's stock fell 60% in the same year and roughly 40% of shares voted against his pay package.
Which CEO has a $1 dollar salary?
A $1 salary CEO is a top executive who takes only one dollar as their base pay, often symbolizing commitment, aligning interests with shareholders, and demonstrating sacrifice during tough times, though they typically earn millions through stock options and bonuses, making it a symbolic gesture rather than true poverty. Notable figures include Steve Jobs, Mark Zuckerberg, Larry Page, and Larry Ellison, who use this to signal long-term vision, especially in tech, while critics see it as a PR tactic or camouflage for substantial other earnings.
What is the #1 reason CEOs are fired?
The most common reasons CEOs are terminated have shifted, with ethical lapses, misconduct, and loss of board confidence now often topping the list, surpassing purely financial performance issues, though poor performance (especially around strategy and change management) remains a major factor, often tied to leadership style or communication. Key drivers include strategic missteps, failing to manage change effectively, ignoring customers, tolerating low performers, or a general lack of alignment with board/investor expectations.
What is Vicki Hollub's salary?
Vicki Hollub, CEO of Occidental Petroleum, had a total compensation of approximately $18.5 million in 2023, with a base salary around $1.5 million and the rest from incentives and other compensation, though specific yearly figures vary, with total compensation reaching around $15 million in 2022 and $18 million in 2023.
How much does a VP at Carlyle make?
A Vice President at The Carlyle Group can expect a significant salary, with reported figures varying but often showing total compensation (base + bonus/stock) ranging from around $239K to $389K annually, averaging roughly $238,000-$250,000 in base/cash compensation, heavily influenced by location like NYC or DC, and sometimes reaching over $500K when including substantial bonuses and performance pay.
What is St. Jude's CEO's salary?
The CEO of St. Jude Children's Research Hospital, James R. Downing, received compensation around $1.5 million to over $2.4 million in recent fiscal years, with specific figures varying by year, such as $1,851,107 for 2023 and $2,434,190 for 2024 (reported in late 2025) from reports detailing executive pay. While donation funds primarily support patient care (around 82%), these executive salaries are part of the overall compensation for leadership at the major research hospital and are published in public filings, reports St. Jude Children's Research Hospital.
Is Lee Company good to work for?
Overall, 89% of employees would recommend working at Lee Company to a friend. This is based on 114 anonymously submitted reviews on Glassdoor. How do job seekers rate their interview experience at Lee Company? 80% of job seekers rate their interview experience at Lee Company as positive.
How much is Kevin Oleary worth in 2025?
Kevin O'Leary's net worth was estimated to be around $400 million in 2025, consistent across multiple sources, stemming from his ventures like The Learning Company, Shark Tank investments, and his role as "Mr. Wonderful," though he faced a significant loss with FTX, and he was also involved in a bid for TikTok.