Carlyle co-CEO’s abrupt exit ends awkward power struggle

Carlyle Group’s co-leaders were meant to be complementary: a swaggering dealmaker and an operations guru who would carry the torch for its founders. But inside the firm, Kewsong Lee started small talk with a jab to Glenn Youngkin. “How’s the infrastructure group?” Lee asked in front of others. That was Youngkin’s domain — and it wasn’t going well.