"Private equity firm Warburg Pincus recently made what seemed to be an innocuous change on its website – reclassifying co-presidents Joe Landy and Charles Kaye as co-CEOs. But it seems this was a precursor to this past weekend's big news: The hiring of former U.S. Treasury Secretary Tim Geithner as president and managing director, effective next March. He also will be part of the firm's executive management group (effectively replacing Kewsong Lee, who just bolted for Carlyle Group).
