Private Equity – The Job of Choice?
It used to be that the ultimate career goal was the CEO job at a Fortune 100 company.
And it’s generally the best way to get invited to join Augusta National too.
And if you really made it, you might get invited to join the administration and go to the White House.
But these days, it seems that people are leaving those jobs aside and heading to private equity instead.
In the past week, I’ve read three stories that made this realization hit home
1 – Colin Powell, former Secretary of State and Chairman of the Joint Cheif of Staff of the US Military joins Kleiner Perkins as a special limited partner.
2 – Sandy Weill, former Chairman and CEO, of Citibank wants to leave Citi early to start a buyout firm.
3 – John Joyce, head of IBM’s Services Group, which represents over half of IBM’s revenues, gets off the CEO track to join Silver Lake Partners, a technology buyout firm.
It seems that private equity and venture capital is the career of choice these days.
So when are the invitations to join Augusta going to start coming our way?