Monday, November 24, 2008

Barbarians at the Gate



Reads like a Tom Clancy/John Grisham thriller, with an insight into the social history of wealth in the late 1980s in America. The story of the takeover battle for RJR Nabisco between KKR and its management group (who initiated the raid but lost in the end) during a time when LBOs were the rage was pieced together by two Wall Street Journal reporters who had spent weeks tracking the events for the public. Good way to gain some knowledge on investment banking, corporate boards, innovative financial instruments and the excesses of corporate management.

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