Word: jameses
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Dates: during 1980-1989
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"Any Kennedy who runs begins with a tremendous reservoir of respect and affection with a large number of voters," said James Roosevelt Jr., who also lost to Kennedy that year.
The contest has already pushed the price for RJR Nabisco above $20 billion, which means that the potential buyout would dwarf the largest previous takeover, the $13.3 billion acquisition of Gulf by Chevron in 1984. The megastakes battle has taken the starch out of corporate chiefs everywhere. After all, if...
KKR has also become a cash machine with many ways of making money. To begin with, KKR charges investors in its buyout funds annual management fees amounting to 1.5% of their investments. Companies taken private by KKR pay the firm 1% to 2% of the purchase price for handling the...
Maybe, but the RJR Nabisco deal will put that assertion to a stern test. The struggle for the huge company began two weeks ago, when it was announced that a group of managers led by chief executive Ross Johnson, 56, was considering making a $17.6 billion buyout bid, to be...
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