The GQP swept everything. They're just like us here in California, only more racist there.
Poor Va. Going back to the stone age, and most uneducated white women voted for the GQP'er. Yikes. I guess they chose CRT over a roof over their heads, food and a steady job, because the GQP guy will surely send jobs overseas.
Ex-Carlyle Boss Racked Up Bad Bets Before Move to Politics.
By Glenn Youngkin’s account, Virginia and its economy are “in the ditch.” So much so that he gave up his dream job atop Carlyle Group Inc. to get the state back on track.
The Republican nominee for governor is now ubiquitous on TV and the internet, driving home the opening pitch of his candidacy: “I’ve spent the last 30 years building business and creating jobs, leading a team of nearly 2,000 people who trusted me to get things done.”
Yet people close to the private-equity firm have been chafing over the picture Youngkin paints of his investing acumen and the circumstances of his departure. In his final decade there, he shepherded several bets and strategies that chalked up losses, and some of them are still being unwound.
After Carlyle’s founders gave him a shot at co-running the firm in 2018, he flamed out. In an industry where leadership teams work together for decades, his co-CEO quickly established dominance, diminishing Youngkin’s clout.
Youngkin, 54, exited Carlyle in September and quickly became a name in conservative politics, railing against abortion and critical race theory, and vowing to stand up for the Second Amendment and election security. His take on Virginia’s economy is dire, faulting Democrats for raising taxes and overzealously restricting commerce to fight Covid-19.
“You know Tucker, this is why I quit my job last summer,” Youngkin told Fox News host Tucker Carlson in May. “I actually could not recognize my home state of Virginia.”
But at Carlyle the circumstances of his exit aren’t really a secret: He retired after a power struggle that left him in charge of more modest businesses. Current and former employees, asking not to be identified discussing internal business, describe a checkered record at odds with his campaign’s portrayal.
Read more: Carlyle co-CEO’s abrupt exit caps a long, awkward power struggle
In the past decade, Youngkin was responsible for troubled forays into hedge funds and energy investments, they said. He also oversaw a push into infrastructure projects that dogged him, as a $2.2 billion fund for clients struggled to make deals.
Former colleagues have been bracing for his run to not only spotlight Carlyle’s past controversies -- akin to what Mitt Romney’s presidential run did to Bain Capital -- but for it to also dredge up missteps by Youngkin and managers he oversaw.
A company spokeswoman declined to comment for this story.
Early last week, Bloomberg sent a list of dealings described in this article to Youngkin’s campaign, which offered a broad response.
“No investment Glenn Youngkin ever led as the key Carlyle principal ever lost money, and many of them are among Carlyle’s best investments,” said Devin O’Malley, a campaign spokesman.
“In the race to be Virginia’s next governor, there is only one candidate that worked his way up to the top of a company and helped grow it into a hugely successful enterprise that turned good businesses into great businesses, helped create tens of thousands of jobs and funded the retirement pension of police officers, firefighters and teachers, and that candidate is Glenn Youngkin,” O’Malley said.
That pitch helped Youngkin rise to the top of Virginia’s Republican primary this year. Heading toward November’s election, polls show he’s in a competitive race with his opponent, former Governor Terry McAuliffe.
Democrats have sought to use Youngkin’s tenure at Carlyle against him, assailing businesses practices such as its willingness to invest in China, to make the case that his campaign rhetoric doesn’t reflect his past. He has tried to minimize the scale of those dealings. Recently, McAuliffe focused on tying Youngkin to former President Donald Trump, who lost the state by 10 points in 2020.
Trump endorsed Youngkin last month in a news release: “Glenn has been an incredible success and will truly make Virginia great again.”
Carlyle Stake
By one measure, Youngkin’s success is hard to argue. His net worth stands at more than $500 million, according to the Bloomberg Billionaires Index, which analyzed his earnings after Carlyle’s 2012 initial public offering. A filing shows he owns 1.9% of the company’s stock. The stake accounts for the bulk of his estimated wealth.
Youngkin couldn’t have timed his arrival at Carlyle better: The former college basketball player and Harvard Business School alumnus was still in his 20s when he joined in the mid-1990s as the firm was getting traction. That enabled him to share in the collective gains of Carlyle’s private-equity funds over three decades. It’s possible he amassed significantly more wealth outside of public view in the 17 years before the IPO.
The firm’s founders -- Daniel D’Aniello, David Rubenstein and Bill Conway -- created something of an oddity in the Wall Street-centric world of private equity: A Washington-based firm with connections across the political spectrum. Executives have long set aside partisanship in the mutual pursuit of profit. In interviews, colleagues who agreed and disagreed with Youngkin’s conservative views shared similar assessments of his tenure.
He wasn’t seen as a natural dealmaker, but he had the capacity to absorb an immense amount of information and speak about it coherently. People close to Youngkin say he was process-oriented, having studied engineering. So as he climbed the management ranks, much of his attention was on day-to-day operations.
https://www.bloomberg.com/news/articles/2021-08-04/ex-carlyle-boss-racked-up-bad-bets-before-switching-to-politics
Oh well 
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