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Former FCC Chairman Makes Lucrative Leap to Private Sector Former FCC Chairman Makes Lucrative Leap to Private Sector

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Tech

Former FCC Chairman Makes Lucrative Leap to Private Sector

(Getty Images North America)

photo of Laura Ryan
January 6, 2014

Julius Genachowski, former chairman of the Federal Communications Commission, begins his first day of work Monday at a D.C.-based private-equity behemoth, the Carlyle Group.

Genachowski will help run the U.S. buyout team in his first major post-FCC role, the firm announced Monday. He will focus on technology, media, and telecom investments.

"Deep industry specialization is core to our investment strategy, and Julius brings a wealth of knowledge and experience to these sectors. His judgment about how these sectors will evolve will be invaluable to us," said Pete Clare, co-head of the U.S. buyout team, in a statement.

 

The former FCC chairman follows in the footsteps of a long line of prominent politicians, including former President George H. W. Bush and Secretary of State James Baker, who took lucrative private-sector jobs with the Carlyle Group after departing public service.

After leaving the agency in May, Genachowski was a fellow at the Aspen Institute, a nonpartisan think tank, and taught a joint course at Harvard's Business and Law schools.

During his FCC tenure, Genachowski opposed the merger of AT&T and T-Mobile and advocated for expanded broadband access across the country. Genachowski spent more than a decade in the private sector as tech executive and venture capitalist before his appointment to head the FCC in 2009 by President Obama.

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