Is Barbarians at the Gate a good book?
It’s a great read though and really hard to put down. This should be mandatory reading for anyone interested in understanding the current financial world. The authors write a gripping account of the outsized personalities and egos of the 1980s LBO boom using their exhaustive list of contacts.
How long is Barbarians at the Gate book?
592
Barbarians at the Gate
| First edition | |
|---|---|
| Author | Bryan Burrough and John Helyar |
| Media type | Paperback |
| Pages | 592 |
| ISBN | 0-06-016172-8 |
What is the story of barbarians at the gate?
1-Sentence-Summary: Barbarians At The Gate shows you how not to run a business and reveals the shocking greed of corporate America in the 1980s by telling the story of the leveraged buyout of RJR Nabisco.
Is Barbarians at the Gate a true story?
The outline of the film follows the actual takeover of the RJR Nabisco empire in a tongue in cheek way. Based on a true story, this humor-tinged docudrama follows F. Ross Johnson, the CEO and president of the massive food and tobacco corporation RJR Nabisco, as he attempts to buy the company.
What do you read after barbarians at the gate?
The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
- Enron Corp.
- United States.
- Energy Industries Corrupt Practices.
Is barbarians at the gate about KKR?
KKR gained widespread recognition early on through its $25 billion leveraged buyout of tobacco and food conglomerate RJR Nabisco in 1988, a battle that was immortalized in the bestseller ‘Barbarians at the Gate.
What happened to RJR Nabisco after the buyout?
RJR Nabisco was eventually broken up, with the foreign tobacco business sold to Japan Tobacco and the food business winding up owned by Kraft, which in turn is controlled by Altria, the parent of Philip Morris, Reynold’s archcompetitor in the cigarette business. The Reynolds American operations are publicly owned.
Who replaced Russ Johnson after KKR bought out RJR Nabisco?
Louis V. Gerstner
Johnson received compensation worth more than $60 million from the buyout, then left in February 1989. In March 1989, Louis V. Gerstner of American Express became the new head of RJR Nabisco.
Did KKR make money on RJR Nabisco?
Johnson wrested control, but his carefree spending led to high expenses and a declining stock price. KKR acquired RJR Nabisco for $25 billion for one the largest leveraged buyouts in U.S. history and ousted Johnson as CEO.
