Harvey Schwartz Talks Priorities and the Future of Carlyle
Feb 7, 2024
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Carlyle CEO Harvey Schwartz discusses business strategy, the economic environment, Fed rate cuts, and recession fears. He reflects on his first year as CEO, emphasizing teamwork and stock performance. Schwartz shares insights on rate cuts, the state of the economy, investing in China and the US, and capital allocation.
Carlyle CEO Harvey Schwartz discusses the company's strategic updates and financial targets for 2024, resulting in a surge in stock price.
Changes to Carlyle's compensation structure aim to align with investors' interests and deliver value to clients while maintaining a strong financial performance.
Deep dives
Strategic updates and financial targets for 2024
During an exclusive interview, the CEO of Carlisle, Harvey Schwartz, discussed the company's recent strategic updates and financial targets for 2024. These updates have generated significant positive momentum, resulting in a surge in Carlisle's stock price. The company has set ambitious goals for the coming year, focusing on priorities, execution excellence, and enhanced teamwork.
Increased alignment and incentives
As part of the strategic updates, Carlisle has introduced changes to its compensation structure to foster greater alignment with investors' interests. By increasing alignment with investors, the company aims to provide enhanced pay-for-performance incentives for employees and generate a steady stream of earnings for shareholders. This move reflects Carlisle's commitment to delivering value to its clients and maintaining a strong financial performance.
Navigating challenges and capital deployment
Harvey Schwartz acknowledged the challenges and uncertainties in various sectors, such as credit and commercial real estate. However, he expressed confidence in Carlisle's ability to navigate these challenges effectively. The company's experienced teams, particularly in real estate and credit, have been proactive in adjusting their investment strategies to mitigate risks. Carlisle remains focused on deploying capital thoughtfully, delivering performance, and capitalizing on investment opportunities in both domestic and international markets.
Entering his second year as head of the firm, Carlyle CEO Harvey Schwartz discusses business strategy and the economic environment, giving his expectations for Fed rate cuts and weighing in on recession fears. He speaks exclusively with Bloomberg's Sonali Basak.