Monday, March 28, 2011

Odor Issues


The Carlyle Group, a private equity underwriter (PEU), will reduce its stake in Hertz.  In 2009 Hertz successfully tackled vehicle odor problems.  Carlyle tried to get rid of their PEU by calling the firm a Global Alternative Asset Manager (GAAM). It's not clear if their new name stuck.  Check your shoes...