Revolving Door Keeps Spinning: Former FCC Head Hired By Carlyle Groupby Sarah Lazare
Jan. 08, 2014
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President and CEO Craig Aaron, "The revolving door never seems to stop spinning at the Federal Communications Commission."
Just half a year after resigning his 4-year post as chairman of the FCC, Julius Genachowski has joined the famously shadowy private equity firm Carlyle Group, known by some as the "ex-presidents' club."
Genachowski will "focus on investments in global technology, media and telecom, including Internet and mobile," reads a Carlyle Group statement released Monday announcing Genachowski's position.