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Home Books : Barbarians at the Gate: The Fall of RJR Nabisco

Barbarians at the Gate: The Fall of RJR Nabisco


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 : Barbarians at the Gate: The Fall of RJR Nabisco

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Binding: Hardcover
Dewey Decimal Number: 338
EAN: 9780061655548
ISBN: 0061655546
Label: Collins Business
Manufacturer: Collins Business
Number Of Items: 1
Number Of Pages: 592
Publication Date: November 01, 2008
Publisher: Collins Business
Release Date: October 28, 2008
Studio: Collins Business




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Product Description:


A book that stormed both the bestseller list and the public imagination, a book that created a genre of its own, and a book that gets at the heart of Wall Street and the '80s culture it helped define, Barbarians at the Gate has emerged twenty years after the tumultuous deal it so brilliantly recounts as a modern classic—a masterpiece of investigatory journalism and a rollicking book of corporate derring-do and financial swordsmanship.



The fight to control RJR Nabisco during October and November of 1988 was more than just the largest takeover in Wall Street history. Marked by brazen displays of ego not seen in American business for decades, it became the high point of a new gilded age and its repercussions are still being felt. The tale remains the ultimate story of greed and glory—a story and a cast of characters that determined the course of global business and redefined how deals would be done and fortunes made in the decades to come.



Barbarians at the Gate is the gripping account of these two frenzied months, of deal makers and publicity flaks, of an old-line industrial powerhouse (home of such familiar products a Oreos and Camels) that became the victim of the ruthless and rapacious style of finance in the 1980s. As reporters for The Wall Street Journal, Burrough and Helyar had extensive access to all the characters in this drama. They take the reader behind the scenes at strategy meetings and society dinners, into boardrooms and bedrooms, providing an unprecedentedly detailed look at how financial operations at the highest levels are conducted but also a richly textured social history of wealth at the twilight of the Reagan era.



At the center of the huge power struggle is RJR Nabisco's president, the high-living Ross Johnson. It's his secret plan to buy out the company that sets the frenzy in motion, attracting the country's leading takeover players: Henry Kravis, the legendary leveraged-buyout king whose entry into the fray sets off an acquisitive commotion; Peter Cohen, CEO of Shearson Lehman Hutton and Johnson's partner, who needs a victory to propel his company to an unchallenged leadership in the lucrative mergers and acquisitions field; the fiercely independent Ted Forstmann, motivated as much by honor as by his rage at the corruption he sees taking over the business he cherishes; Jim Maher and his ragtag team, struggling to regain credibility for the decimated ranks at First Boston; and an army of desperate bankers, lawyers, and accountants, all drawn inexorably to the greatest prize of their careers—and one of the greatest prizes in the history of American business.



Written with the bravado of a novel and researched with the diligence of a sweeping cultural history, Barbarians at the Gate is present at the front line of every battle of the campaign. Here is the unforgettable story of that takeover in all its brutality. In a new afterword specially commissioned for the story's 20th anniversary, Burrough and Helyar return to visit the heroes and villains of this epic story, tracing the fallout of the deal, charting the subsequent success and failure of those involved, and addressing the incredible impact this story—and the book itself—made on the world.





Customer Reviews
Average Rating:  out of 5 stars

Rating: 5 out of 5 stars - They Don't Teach You This Stuff in Business School...
Jump right into the middle of one of the biggest and most tumultuous leveraged buyouts in history. After reading this book, you will feel as though you know the players involved...everybody from F. Ross Johnson at RJR Nabisco to Peter Atkins, the lawyer from Skadden Arps who handled the bidding. The information contained in this book is worth at least 6 semester hours toward your MBA! In fact, I'd venture to say that reading books like "Barbarians at the Gate" will leave you better prepared than ... Read More



Rating: 5 out of 5 stars - Better than "Wall Street"
Definition of a page-turner, loved it. The authors got so much out of their interview subjects, the personal thoughts and dialog left you feeling like you were a part of these negotiations. They portrayed everyone even-handedly when it was probably tempting to make villains out of Ross Johnson or Henry Kravis. Extremely entertaining, a first class example of literary non-fiction.



Rating: 3 out of 5 stars - What does all this have to do with 'business'?
The author said it himself, "What does all this have to do with business? ". I bought this book hoping to get an insight into how large companys are run. Unfortunately it was full of details on how companys are sold, not run. I suppose if that is what you are after, then the book does its job. But if you wanted to learn something about real business, this is NOT the book for you.



Rating: 3 out of 5 stars - Over rated
Many people I know have read this book and rave about how good it is. However it is really just a factual account of the events with no real insight. The writing is ok but you are not transformed into the action. You get no since of the pressure or the egos. The characters are the real deal and the writes don't all you to understand them or even get you to like or hate them. The book left me a bit flat but if you have no idea how companies are bought and offers are made it is still worth the read. ... Read More



Rating: 4 out of 5 stars - Ladies And Gentlemen, The 1980s!!!
The mantra "Greed is good" was uttered by that 1980s paragon of Wall Street virtue, Gordon Gekko, yet it could just have easily been any one profiled in this mind-warping 1990 account of the leveraged buyout (LBO) of cigarette-and-cookie conglomerate RJR Nabisco, starting with RJR's chief executive, Ross Johnson.

Johnson was the one who first saw the benefits of taking RJR's undervalued stock private, boosting both his wealth and control. Small economies were not for him.

"I'm ... Read More




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