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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

Carlyle’s Rubenstein: Hey, put your hand down

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Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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October 1, 2010, 2:33 PM ET
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When Carlyle Group boss David Rubenstein gives a speech, he likes to poll the audience. It was no different yesterday at the Newseum in Washington D.C., with him asking two questions:

  1. Will your taxes to go up next year? (most hands go up)
  2. Will your employer to raise your salary to offset the taxes? (only a few hands go up)

Rubenstein looked at the few lone wolfs who answered affirmatively to the second question, and realized one of them was from Carlyle Group. He then told the crowd where the prankster worked, looked at him and said: “No we won’t.”

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