Word: johnson
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Dates: during 1980-1989
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...father and a husband. Then numbed nerves began to grapple with the fact that the Government too was brain-dead for the moment. There was the sense of a beast in convulsion at Parkland. Police rushed here and there. Vehicles circled, darted. A small coterie with Vice President Lyndon Johnson . . . No, try it again. A small coterie with President Lyndon Johnson dashed for Love Field and Air Force One. A piece of lead weighing less than an ounce had blown away a single mind, and history had been halted in its tracks, pushed back a generation, then hesitantly restarted...
Voters who approved a rollback in auto premiums may inspire a wider revolt. -- Why Ross Johnson' s overreaching grab for RJR Nabisco infuriates his board of directors...
ASSOCIATE EDITORS: William R. Doerner, John Greenwald, William A. Henry III, Marguerite Johnson, Richard Lacayo, Jacob V. Lamar, John Langone, Johanna McGeary, Richard N. Ostling, Sue Raffety, J. D. Reed, Thomas A. Sancton, Jill Smolowe, Richard Stengel, Susan Tifft, Anastasia Toufexis, Michael Walsh, Richard Zoglin...
When Ross Johnson, president of RJR Nabisco, proposed last month that the tobacco-and-food conglomerate he had helped assemble only three years earlier be "put into play" and broken up, he had reason to believe that the company's board of directors would support him. After all, he had treated the outside directors on RJR's board well, paying them lavish fees and providing access to the company's corporate jets. Moreover, his offer was the largest leveraged-buyout bid in history and would give RJR's stockholders a rich, immediate payout...
...Johnson, 56, may have grossly miscalculated. When he announced during an Oct. 19 dinner at Atlanta's Waverly hotel that he and seven other managers intended to take the company private in a $17.6 billion leveraged buyout, RJR's board members reacted with shock, one of them now says, "because he was raiding the company from the inside." At first blush, the $75-a-share offer seemed generous, compared with the market price of about $56 at the time. But the directors' shock became outrage when they later learned about the huge piece of the action that Johnson...