And even though Carlyle seemingly asked anyone on Wall Street with a C in their title if they'd take the job before landing on Schwartz — per The New York Times — that didn't stop the firm from lauding the hire on Tuesday's earnings call with analysts.
As Insider's Rebecca Ungarino reports, interim CEO and firm cofounder Bill Conway said Schwartz was actually the firm's first choice and is already a fan favorite among employees.
"We went on all the floors. We were talking to people, and he was happy to see them, and they were happy to see him," Conway said on the call. "And it was really not so much they want to get rid of me, but rather they were excited to see him there."
So. Many. Happy. People. Might as well call it "Carefree Carlyle," because that's the vibes I'm getting under the soon-to-be Schwartz era.
That's not to say it's going to be ALL fun and games for Schwartz when he officially starts next week. As Rebecca details, Conway made it clear that the new CEO will have his work cut out for him as he looks to improve the firm's stock price.
2. Don't always believe the experts! Neil Dutta, head of economics at Renaissance Macro Research, details why analysts that are constantly predicting another market blowup might be relying on bad data. More on why the doom-and-gloomers need to check their math.
3. Mr. Wonderful wants in on ChatGPT. The "Shark Tank" judge told Insider in an exclusive interview he's finalizing an equity investment in OpenAI, the buzzy chatbot's parent company. Read more about his deal.
5. Another partner exits Goldman. Joe Duran, head of Goldman Sachs' personal financial management, is stepping down from his role and the partnership, InvestmentNews reported. More on Duran's exit here.
7. Pls fix these dope tracks, thx. Working at Goldman Sachs means a front-row seat to some of the biggest deals in the industry... or maybe a front-row seat to the CEO's next DJ gig. According to a recent report, "sometimes" Goldman employees helped David Solomon manage his DJ schedule. A Goldman spokesperson, however, outright denied the claims. More on DJ D-Sol-Gate.
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