Today, a report from The Verge details new ads on Facebook, Instagram, and Google highlighting Republican Virginia gubernatorial candidate Glenn Youngkin’s role, “in the controversial purchase of Taylor Swift’s master recording in 2019,” while serving as the chief executive officer of the Carlyle Group.
According to The Verge:
“At Carlyle, Youngkin worked with the media executive Scooter Braun to acquire Big Machine Label Group, taking control of all of Swift’s master recordings and, for a time, refusing to sell them back to the singer.”
“Several months later, Swift called on Carlyle to intervene in the deal, saying that the acquisition made it more difficult for her to perform her own music and produce her Netflix documentary.”
This is the latest example of Youngkin’s out-of-touch decisions while at the helm of Carlyle. Under his leadership, the private equity firm:
- Implemented dramatic rent hikes on mobile home park residence — forcing seniors to choose between food, medicine, and rent;
- Offshored more than 1,300 American jobs and bought majority stakes in foreign companies that specialize in helping businesses outsource jobs;
- And invested in the nursing home chain ManorCare before it went bankrupt, extracting $1.3 billion, as tens of thousands of nursing home residents were left facing neglect and serious health risks.
Read the full report HERE.
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Published: Oct 5, 2021