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"Isn't daddy Bush an adviser(or board member) of this corporation?" A lot of former Republican White House Staff run the company including Bush the Elder. It was Reagan's Sec. of Def. Frank Carlucci that started the company. It was essentially a post White House gig for a lot of Reagan's staff.

http://rightweb.irc-online.org/profile/1067.html

"Frank Carlucci, Ronald Reagan’s defense secretary and a former CIA deputy director, has had a colorful career as a government insider and corporate player. The Carlyle Group, which Carlucci headed for nearly a decade, has been called the “ex-president’s club” because of the large number of high-powered former government officials who work for the investment company, including former President George H. W. Bush, former British Prime Minister John Major, and former Secretary of State James Baker. Reports The Guardian, “When Carlucci arrived there [with Carlyle] in 1989, he brought with him a phalanx of former subordinates from the CIA and the Pentagon, and an awareness of the scale of business a company like Carlyle could do in the corridors and steak-houses of Washington. In a decade and a half, the firm has been able to realise a 34% rate of return on its investments, and now claims to be the largest private equity firm in the world. Success brought more investors, including the international financier George Soros and, in 1995, the wealthy Saudi Binladin family, who insist they long ago severed all links with their notorious relative. The first president Bush is understood to have visited the Bin Ladins in Saudi Arabia twice on the firm's behalf.” (9) When Carlucci isn’t busy fending off questions about how Carlyle does its business, he is fighting accusations that he was involved in the assassination of former independent Republic of Congo Prime Minister Patrice Lumumba when Carlucci was second secretary at the embassy in Kinshasa in the early 1960s. In 2002, Carlucci’s lawyers successfully pressured the distributor of the HBO film Lumumba to delete any references to their client. A scene that was cut from the movie depicted Carlucci and his boss, Ambassador Clare Timberlake, in a meeting with Congolese officials who were plotting Lumumba's murder. Carlucci contends that he and Timberlake had no knowledge whatsoever of the plot, telling Pacific News, "There's no substantiation to that charge in any of the reviews done on Lumumba's death by the United Nations or the recent Belgian book or Maddie Kalb's book. ... If you go through the Kalb book [which was based on declassified U.S. cables], you'll find no references to me." However, there seem to be several problems with Carlucci’s contention, starting with the fact that the Kalb book does in fact mention Carlucci. Pacific News quotes the book: "Whenever Timberlake, accompanied by his French-speaking second secretary, Frank Carlucci, went to see Kasavubu ... to try to persuade him that Lumumba was an extremely dangerous man, Kasavubu ... would say nothing. ... As Timberlake noted in a gloomy cable to Washington, 'I confess I have not yet learned the secret of spurring Kasavubu to action.'" Pacific also cites a letter from Ludo de Witte, author of the “recent Belgian book” The Assassination of Lumumba, to Raoul Peck, the filmmaker who made the HBO film: "From mid-August (when Eisenhower gave indirectly the green light for the assassination of Lumumba) till mid-October, there was a de facto collaboration and exchange of information between all important personnel in the U.S. Embassy (that is Timberlake, Carlucci and Devlin included), including on efforts to get rid of Lumumba." (2) Carlucci, who went on to have an extremely successful career in government after the Lumumba affair, has received several awards and honors for his work, including the Herbert Roback Memorial Award, the George C. Marshall Award, the Woodrow Wilson Award, the James Forrestal Award, the Presidential Citizens Award, the National Intelligence Distinguished Service Medal, the Distinguished Intelligence Medal, the Defense Department Distinguished Civilian Service Award, and the State Department Superior Service Award. (3)"