Stephen L. Norris is one of the co-founders of

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

, an American

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

firm and previously the Chairman of Gulf Capital Partners. He is a former member of the

Federal Retirement Thrift Investment Board The Federal Retirement Thrift Investment Board is an independent agency of the United States government by the Federal Employees Retirement System Act of 1986. It has roughly 270 employees. It was established to administer the Thrift Savings Plan ...

, who was appointed by President

George H. W. Bush George Herbert Walker BushSince around 2000, he has been usually called George H. W. Bush, Bush Senior, Bush 41 or Bush the Elder to distinguish him from his eldest son, George W. Bush, who served as the 43rd president from 2001 to 2009; p ...

and confirmed by the

United States Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and ...

in 1990. In July 2014, it was announced he had joined the Florida-based company Global Digital Solutions.

Corporate career

Carlyle was founded in 1987 by five Washington executives:

William E. Conway, Jr. William E. "Bill" Conway Jr. (born August 27, 1949) is an American billionaire businessman, investor and philanthropist. Conway serves as Co-Executive Chairman of the Board, Founder of the Carlyle Group. He also serves as Chairman of the Boar ...

, Stephen L. Norris,

David M. Rubenstein David Mark Rubenstein (born August 11, 1949) is an American billionaire businessman. A former government official and lawyer, he is a co-founder and co-chairman of the private equity firm The Carlyle Group,Daniel A. D'Aniello Daniel Anthony D'Aniello (born September 14, 1946) is an American billionaire businessman. He is the cofounder and chairman of the Carlyle Group, a private equity firm headquartered in Washington, D.C. Biography Early life D'Aniello grew up in a ...

and

Greg Rosenbaum Greg A. Rosenbaum (born August 7, 1952) is an American merchant banker based in Bethesda, Maryland. He is currently the co-principal owner and co-chair of the Dayton Dragons minor league baseball club, and a minority owner of the Mahoning Vall ...

. Rosenbaum left in 1987; Norris left in 1995. The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership. The rest of Carlyle is owned by a group of individuals, most of whom serve as managing directors, and by two institutional investors. Prior to co-founding the Carlyle Group, Norris was a senior executive at

Marriott Corporation Marriott Corporation was a hospitality company that operated from 1927 until 1993, founded by J. Willard Marriott and Frank J. Kimball as Hot Shoppes, Inc. In 1957, Marriott Corporation opened its first hotel in Arlington County, Virginia, U ...

. In 2008, Norris announced a memorandum of understanding with the

SCO Group The SCO Group (often referred to SCO and later called The TSG Group) was an American software company in existence from 2002 to 2012 that became known for owning Unix operating system assets that had belonged to the Santa Cruz Operation (the ...

, a

Unix Unix (; trademarked as UNIX) is a family of multitasking, multiuser computer operating systems that derive from the original AT&T Unix, whose development started in 1969 at the Bell Labs research center by Ken Thompson, Dennis Ritchie, a ...

and

Linux Linux ( or ) is a family of open-source Unix-like operating systems based on the Linux kernel, an operating system kernel first released on September 17, 1991, by Linus Torvalds. Linux is typically packaged as a Linux distribution, which i ...

software company involved in lawsuits against IBM,

Novell Novell, Inc. was an American software and services company headquartered in Provo, Utah, that existed from 1980 until 2014. Its most significant product was the multi- platform network operating system known as Novell NetWare. Under the l ...

, and others. Under the terms of the plan, Norris would purchase a controlling interest in SCO for $100 million. In March 2009, Gulf Capital Partners, LLC, announced the appointment of Norris as the chairman of the board of directors. Gulf Capital Partners is a private equity firm based in Beverly Hills, California with offices in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics ...

Doha Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the c ...

, and New York. In July 2009, Norris joined the Board of

Xinuos Xinuos is an American software company that was created in 2011 and was first called UnXis until assuming its current name in 2013. (Both names have been variations on the spelling of the Unix operating system.) Xinuos develops and markets the U ...

References

http://www.gdsi.co/page63.html

Corporate career

References

Further reading