A Business Journalism Classic: Inside the Multibillion-Dollar Takeover Battle for RJR Nabisco
Everyone in the room knew about leveraged buyouts, often called LBOs. In an LBO, a small group of senior executives, usually working with a Wall Street partner, proposes to buy its company from public shareholders, using massive amounts of borrowed money. Critics of this procedure called it stealing the company from its owners and fretted […]
