Word: nabisco
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...should have brought a long line of eager job seekers. It did not. Instead many chief executives, including Apple Computer's John Sculley and Motorola's George Fisher, went out of their way to avoid being drafted. The Big Blue board eventually settled on Louis Gerstner, chairman of RJR Nabisco, although he has absolutely no computer- industry experience. Gerstner's main qualification is his ability to turn companies around by cutting costs, but he will have his work cut out for him at IBM, which has lost $7.8 billion in the past two years and cut 100,000 jobs since...
...helped that HBO had a very good book (the 1990 best seller Barbarians at the Gate, by Wall Street Journal reporters Bryan Burrough and John Helyar) and a very big leveraged buyout (Kohlberg Kravis Roberts' epic $25 billion takeover of RJR Nabisco in 1988) to work with. And the $7 million HBO earmarked for the project probably came in handy too. The film remains reasonably faithful to the spirit of the book, while vastly simplifying the plot. Whereas Burrough and Helyar recount a story that involves dozens of rapacious financiers, greedy executives, odious publicists, duplicitous bankers and devious attorneys...
Johnson's brazen attempt at highway robbery attracted the attention of Henry Kravis, the pixieish juggernaut from KKR, the New York City firm that had written the book on leveraged buyouts. Kravis, who months earlier had met with Johnson and discussed the possibility of taking RJR Nabisco private, was furious at Johnson for his double-dealing. With his cousin, and KKR partner, George Roberts, Kravis submitted a blow-them-out-of-the-water bid of $90 a share...
...kind of a super maitre d', a guy who really knows how to work a room," Gelbart explains. But in the book, Burrough and Helyar also portray him as a Machiavellian cutthroat who betrayed numerous colleagues on his way - to the top, a spendthrift who moved the RJR Nabisco headquarters to Atlanta -- callously firing thousands of employees in the process -- in part because he didn't like "bucolic" Winston-Salem, and a derelict CEO who repeatedly misled his shareholders, his employees and his board of directors...
SMOKING? OR NONSMOKING? PEOPLE ARE OFFERED such a choice by restaurants and airlines. But now investors will be able to choose under a novel stock plan devised by tobacco and food giant RJR Nabisco. As part of a deal to raise $1.5 billion to reduce its $14 billion debt, RJR Nabisco will create two new classes of stock: RN-Reynolds, which will mainly represent the company's tobacco business, and RN-Nabisco, a proxy for the firm's food operations. RJR Nabisco is the nation's largest cookiemaker and the second biggest cigarette manufacturer...