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04.02.2012 14:21
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Private Equity Has a 'Social Responsibility': Carlyle Founder
NEW YORK (TheStreet) -- Gordon Gekko? Try Mother Teresa.
The private equity firms that sometimes reap billions in gains on buyout investments also have a social responsibility, says one private equity titan.
Such an acknowledgement would add to the expectation that firms can find the highest investment returns in the financial world and could solve the industry's negative image, as outrage bubbles underneath the Presidential candidacy of the former Massachusetts governor and Bain Capital head Mitt Romney.
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