Word: rjr
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Accepting defeat, Johnson issued a concession. Said he: "I am proud of the fact that we put the best bid on the table the first time and this time." He then returned with an attorney to RJR's 48th-floor New York offices in seemingly good spirits. As city lights glittered around them, the two men sipped drinks and munched Oreo cookies while reflecting on the day's ordeal...
Johnson could afford to be philosophical: he can now pull the rip cord on a "golden parachute" worth at least $30 million. Besides a lucrative severance package, Johnson will reap large profits from the sale of his more than 235,500 shares of RJR stock...
Kravis, meanwhile, could afford to be generous in victory. Though he may have to spin off some $6 billion worth of RJR food brands to reduce the leveraged company's swollen debt, he talked of shifting RJR headquarters from Atlanta, where Johnson moved it last year, back to its traditional home in Winston-Salem, N.C. Kravis said he will install retired RJR chairman J. Paul Sticht, 71, in the top job again for several months to smooth the transition...
...week's end Johnson and Kravis sent a letter to RJR Nabisco's 125,000 employees to announce the end of their struggle. "It is now most important," the letter stated, "that we return immediately and actively to running our business." For Johnson, that business will probably mean finding another...
BUSINESS: The buyout barons win RJR Nabisco...