Private equity helps produce strong companies, promotes innovation and spurs job growth.

I have either run private equity funded companies or been a partner in a private equity fund since 1982. I've had a front row view of the vital role private equity continues to play in building and keeping American businesses competitive in the global economy.

There is no denying that downsizing can happen when a company receives private equity funding. It is unfortunate and hard on everyone who is affected.

One of my major objectives is to build a long-term enterprise, to build shareholder value over time.

I think with the proliferation of mobile devices and then, eventually, the Internet of Things, we literally have supercomputers in our pockets and supercomputers that will hang on telephone poles and in light bulbs.

Here's what I love about social media: You get to peer into people's lives that you normally wouldn't be able to.

One big promise of the Internet was that it would be a great democratizing force, allowing us to become exposed to new ideas that we might not otherwise encounter in our town, workplace or social circle.

I'm a big user of digital technology, but I don't find it beautiful.