Quantcast
Get breaking news alerts via email

Click here to manage your alerts
FILE - In this Feb. 2, 2012 file photo, retired Army general and then-CIA Director David Petraeus testifies on Capitol Hill in Washington.Kohlberg Kravis Roberts & Co. is appointing Petraeus as chairman of its newly created KKR Global Institute, the investment firm said Thursday, May 30, 2013. (AP Photo/Cliff Owen, File)
Retired general Petraeus gets job with investment firm KKR
First Published May 30 2013 06:57 am • Last Updated May 30 2013 06:58 am

Retired Army Gen. David Petraeus will take a new job with investment firm Kohlberg Kravis Roberts & Co. L.P. as he attempts to rebuild his reputation after an extramarital affair with a biographer triggered his resignation as CIA director last fall.

Petraeus, 60, will serve as chairman of the New York firm’s newly created KKR Global Institute. He was CIA director from September 2011 until last November. Before that, Petraeus served more than 37 years in the U.S. Army, where he rose to the rank of four-star general.

Photos
Join the Discussion
Post a Comment

Petraeus served as commander of NATO forces in Afghanistan and also commanded forces in Iraq in 2007 and 2008, when violence in that country dropped following a surge in military forces.

KKR said Thursday that Petraeus will support its investment teams and portfolio companies when studying new investments, especially in new locations. The company did not detail terms of its agreement with Petraeus, but a spokeswoman said he will serve in a consultant’s role.

Petraeus has a doctorate from Princeton University and has written widely on international relations, military strategy and tactics, and national security issues. He also has taught economics and international relations at the U.S. Military Academy.

Petraeus will add the new job to a couple of teaching assignments. Earlier this month, the University of Southern California announced that he will join its faculty to teach classes and mentor ROTC members.

In April, Macaulay Honors College at City University of New York named Petraeus a visiting professor for public policy starting next August. He said in a statement released by Macaulay that he was looking forward to leading a seminar on the global economic slowdown.

KKR said the global institute will help it focus on issues that can affect its global investments. Those include public policy, regulatory and technology trends. The institute also will build on KKR’s push to help its portfolio companies expand globally.

KKR invests in companies and, in general, hopes to profit by selling them a few years later. KKR also has an asset management business, which invests in debt and equities, and a capital markets business, which arranges debt financing for deals and underwrites stock sales for other companies. It had $78.3 billion in assets under management as of March 31.

Shares of the company fell 5 cents to $20.06 Thursday before markets opened. But the stock has climbed more than 30 percent since closing 2012 at $15.23.


story continues below
story continues below



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.