Barbarians At The Gate By Kohlberg Kravis Roberts And Co.

1346 WordsDec 5, 20146 Pages
Barbarians at the Gate is a prominent book within the financial industry and a highly recommended book to read for a deeper look inside how the private equity world works. The book is an account of one of the most famous leveraged buyout cases in the history of private equity. The story is about the leveraged buyout of RJR Nabisco, Inc. by Kohlberg Kravis Roberts & Co., more commonly known as KKR, a tycoon in the private equity business in 1988. The book is written by two Wall Street Journal writers, Bryan Burrough and John Helyar and contains the chain of articles they wrote during the length of the buyout process based on interviews with the key players in the deal. For anyone who is interested in the complex yet simple world of leveraged buyouts, the book is a must read to understand the nature of the deals and how anything goes and the characters and the psychology of people. The focal point of the book is Ross Johnson: the fiery, energetic and entertaining Chief Executive Officer of RJR Nabisco. The Canadian businessman got his start in General Electric as an accountant, after graduating from the University of Manitoba in 1952 on a military scholarship. After General Electric, he moved on to T. Eaton Company, where he was the Vice-President of merchandising. Shortly after, he was named president of Standard Brands Ltd. In 1981, Johnson began his reign at the top of the corporate ladder when he began discussing a merger between his company and Nabisco with the then CEO

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