With the potential for great riches, private equity has become a magnet for top-notch executives. Take a look at TPG (Texas Pacific Group). Today, the firm announced that it has hired Kevin Rollins as a Senior Advisor.
Of course, his latest gig was as president and CEO of Dell Inc. (NASDAQ: DELL), where he spent 11 years. Before this, he was a partner and director at Bain & Co., a firm that has made lots of money providing strategic advice to private equity firms. In fact, the firm spun out Bain Capital in the 1980s, which has emerged as one of the largest private equity firms in the world.
As a Senior Advisor, Rollins will be kind of like a Bain consultant. Although, if there is a company that needs a veteran CEO, he may go back to being an operator.
Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.
