What Did Eisenhower Mean When He Warned of a Military Industrial Complex? Take a Look at the Carlyle Group - A BuzzFlash Interview

What Did Eisenhower Mean When He Warned of a Military Industrial Complex? Take a Look at the Carlyle Group - A BuzzFlash Interview: "BRIODY: They got their start in the defense buyout business. They struggled for the first couple of years before they hired Frank Carlucci, who was the outgoing Secretary of Defense from the Reagan administration. And Carlucci brought them in the direction of defense buyouts in the late ‘80s, early ‘90s, in between the Cold War and the Gulf War, when defense properties were undervalued. And the company struck gold a couple times in that business and was able to build a very healthy buyout practice on the back of these defense LBOs, or leveraged buyouts.
From there, they have diversified over the ensuing 10-12 years, into everything from healthcare to telecommunications, to aerospace and others. But defense is still the cornerstone of their practice. And when people think of the Carlyle Group, the first thing they think of is defense."