3 min read.Updated: 09 Aug 2022, 05:01 PM ISTMiriam Gottfried, The Wall Street Journal
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 Inc.’s CEO 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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