Subj: Article: Former F.C.C. Chief Joins Investment Firm
Date: 10/20/01 11:45:38 PM Pacific Daylight Time


This article from

Former F.C.C. Chief Joins Investment Firm

May 2, 2001

WASHINGTON, May 1 - William E. Kennard, the former chairman
of the Federal Communications Commission, has decided to
join the Carlyle Group, an investment company, as a
managing director of its telecommunications and media

Earlier this week, Carlyle announced that Arthur Levitt,
the former chairman of the Securities and Exchange
Commission, would join the firm as a senior adviser dealing
with private equity investments. The company also said that
Afsaneh Mashayekhi-Beschloss, the treasurer and chief
investment officer of the World Bank, would join the firm
as a managing director and partner.

Mr. Kennard, who recently announced his intention to join
the board of Handspring, a maker of hand-held computers,
said that he was excited about the opportunities presented
by Carlyle.

"The firm has a strong commitment to invest in the
telecommunications and media areas," he said. "They really
want to increase their commitment to the sector. They
didn't make a lot of investments in the area last year so
their powder's dry."

Carlyle, which calls itself the world's largest private
equity company, manages more than $12 billion through funds
in the United States, Europe and Asia. Its employees and
advisers include some who have held high government
positions, many in Republican administrations.

They include former President George Bush, former Defense
Secretary Frank Carlucci, former Secretary of State James
A. Baker III, and former White House budget director
Richard G. Darman.

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