Word: robertses
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Dates: during 1980-1989
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When Ross Johnson, flamboyant head of RJR Nabisco, lost his bid for control of the giant food and tobacco company in a $25 billion leveraged-buyout brawl last year, he also lost his job. Last week RJR's new owner, the buyout firm Kohlberg Kravis Roberts, announced its surprise choice...
PHOTOGRAPHY: Mary Dunn (Deputy Picture Editor); Richard L. Boeth, MaryAnne Golon, Rose Keyser (Assistant Editors); Kevin J. McVea (Traffic); Renee Mancini (Syndication); Arnold H. Drapkin (Consulting Picture Editor) Researchers: Dorothy Affa Ames, Martha Bardach, Sarah Buffum, Stanley Kayne, Paula Hornak Kellner, Polly J. Matthews, Gary Roberts, Nancy Smith-Alam, Melanie...
"Society is still going through the shock stage," says Roy Roberts. "Some people continue to be amazed when they discover ordinary blacks who are hardworking and successful." Three months ago Navistar International used a $400,000 incentive package to lure Roberts from General Motors to become vice president and general...
PHOTOGRAPHY: Mary Dunn (Deputy Picture Editor); Richard L. Boeth, MaryAnne Golon, Rose Keyser, Julia Richer (Assistant Editors); Kevin J. McVea (Traffic); Renee Mancini (Syndication); Arnold H. Drapkin (Consulting Picture Editor) Researchers: Dorothy Affa Ames, Martha Bardach, Sarah Buffum, Stanley Kayne, Paula Hornak Kellner, Polly J. Matthews, Gary Roberts, Nancy Smith...
Harvard was a limited partner in the largest LBO ever--the Kravis, Kolberg and Roberts takeover of RJR-Nabisco--and Lewis said that buyout was "very well conceived."