The CEOs Behind the Buyouts: the Carlyle Group

Carlyle’s key decision-makers are its three founding partners—David Rubenstein, Daniel D’Aniello, and William Conway—and the company’s chairman, Louis V. Gerstner Jr.

David Rubenstein: Co-founder Rubenstein is former deputy domestic policy adviser to the Carter  administration. Rubenstein’s current net worth is estimated at more than $2.5 billion, though he has said that he himself has lost track of it due to the volume of investments he has through the firm.

Rubenstein’s properties include a Georgian-style Bethesda, Md., home valued at $1.7 million, a 10,000-square-foot chalet in Beaver Creek, Colo., and a compound in Nantucket, Mass., large enough to accommodate 30 overnight guests.

William E. Conway: Prior to co-founding the Carlyle Group, he worked at MCI, where he became senior vice president and chief financial officer. According to the trade journal The Deal, “Conway green-lights or kills every one of Carlyle’s prospective LBO and venture investments throughout the world.”

Like Rubenstein, his current net worth is estimated at more than $2.5 billion. In 1999, Conway purchased a 17,000-square-foot mansion built on a seven-acre expanse with a view of the Potomac River. In 2005, he sold the property for $24.5 million.

Daniel A. D’Aniello: Prior to founding Carlyle, D’Aniello was a vice president at the Marriott Corp. Press accounts also indicate that D'Aniello runs most of the day-to-day operations of Carlyle. His current net worth is estimated at more than $2.5 billion.

Louis V. Gerstner Jr.: Gerstner, the former CEO of IBM, was brought in as chairman in 2003 as part of an effort to shift Carlyle’s reputation as “the CIA of the business world” and to help the company build an organization that will outlast its founders.

According to D’Aniello, Gerstner is “one phone call away from every chief executive officer in the United States.” In 2003, Forbes calculated Gerstner’s net worth at $600 million. Gerstner’s home in Greenwich, Conn., is valued at $12.2 million.

HCR Manor Care

Paul Ormond: Ormond has been the President and CEO of HCR Manor Care since August 1991. He is also the chairman of Manor Care’s Board of Directors. In 2006, his total 2006 compensation package from Manor Care was worth $18.8 million.

Ormond is a director of the National City Corporation, a company which provides banking services, and sits on the Chairman’s Council of the Toledo, Ohio Chamber of Commerce. He received a B.A. and an M.B.A. from Stanford University.