Summary of Barbarians at the Gate
The Fall of RJR Nabisco
Copyright © 2003 by Bryan Burrough and John Helyar
Published by arrangement with HarperBusiness, an imprint of HarperCollins Publishers
Vivid recounting of Wall Street plotting in the RJR Nabisco buyout, proving that, 20 years later, little has changed.
Some things – namely, greed and reckless behavior – never change. The leveraged buyout (LBO) of RJR Nabisco occurred in the late 1980s, but the 20th anniversary edition of this classic tale of excess reads as if it were reported and written today. Money-hungry CEO Ross Johnson and power-grabbing financier Henry Kravis remain relevant archetypes of their times. Journalists Bryan Burrough and John Helyar vividly capture the behind-the-scenes maneuvering in the deal of the decade. getAbstract especially enjoyed the update on Johnson, Kravis and the rest, and recommends this book to those seeking a revelatory, page-turning account of high-profile greed.
In this summary, you will learn
- What happened behind the scenes during the buyout of RJR Nabisco
- How three competitors struggled for control of the company
- Why the deal marked the end of the leveraged buyout era
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