Petraeus Reboots With Private-Equity Giant
From the WSJ:
By MIKE SPECTOR
David Petraeus, the former U.S. Army general who resigned last year as Central Intelligence Agency chief, is rebooting his career with KKR & Co., the giant private-equity firm.
KKR, known for large, debt-fueled corporate takeovers, hopes Mr. Petraeus's experience and Rolodex will help the firm seek and size up deals, said people familiar with the move. The former general will be chairman of a new internal "institute" focused on macroeconomic forecasts, communications, public policy and advice on investments in emerging markets, they said.
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Ken Mehlman, a former Republican National Committee chairman who now serves as KKR's global head of public affairs, said Mr. Petraeus is "someone who has served in an incredibly effective and in some ways heroic way."
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Mr. Petraeus is the latest from the Washington political establishment to land a position in high finance later in their careers. Former Vice President Dan Quayle and former Treasury Secretary John Snow work for Cerberus Capital Management LP. Former President George H.W. Bush and former Secretary of State James Baker III have done work for Washington-based buyout firm Carlyle Group LP. A handful of officials from the Bush and Clinton administrations have served or currently serve as Carlyle advisers.
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http://online.wsj.com/article/SB10001424127887324682204578513663485449922.html
