I equally appreciate the author’s constant attention to the negative impacts of the buy-out companies’ employees, management and communities. There are no discussion topics on this book yet. The story of KKR shows how pride, jealousy, fear, and ambition fueled Wall Street's debt mania--with consequences that affected hundreds of thousands of people. Book. Beard Books 9/1/2002, 2002. Here is a gripping saga that takes readers behind closed boardroom doors to show how star-struck young bankers, ruthless deal-makers, and nervous CEOs changed one another's lives--and the whole American economy--over a fifteen-year span. Book. PAP. Amazing book, with deep insights into the leveraged buyout ... Amazing book, with deep insights into the leveraged buyout and junk bond syndicate. This specific ISBN edition is currently not available. If you're a seller, Fulfillment by Amazon can help you grow your business. The pinnacle of success for KKR was the RJR Nabisco buyout in 1989 costing $26.4 billion (this is covered at length in Bryan Burrough and John Helyar's Barbarians at the Gate , LJ 1/90). This is where Michael Milken channelled the funds raised from junk bonds. Overall, solid read. Anders tells the story of how Kohlberg Kravis Roberts (KKR) took advantage of Wall Street's tolerance of debt to finagle massive corporate takeovers of companies that included Safeway, Drexel, and, Barbarians at the Gate: The Fall of RJR Nabisco, King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone, The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders, The New Financial Capitalists: Kohlberg Kravis Roberts and the Creation of Corporate Value, What It Takes: Lessons in the Pursuit of Excellence, The Nuclear Effect: The 6 Pillars of Building a 7+ Figure Online Business. "synopsis" may belong to another edition of this title. For details, please see the Terms & Conditions associated with these promotions. Unfortunately, the free-spending 1980s gave way to the recessionary 1990s, and KKR's fortunes similarly declined, with its partnership unraveling. This book is not yet featured on Listopia.

September 1st 2002 Their story and that of their firm--the biggest, most successful, and most controversial participant in the age of leverage--illuminates an entire era of financial maneuvering and speculative mania. Their firm, Kohlberg Kravis Roberts & Co., dominated the Wall Street scene in the late 1980s, acquiring one Fortune 500 company after another, including Safeway, Duracell, Motel 6, and RJR Nabisco. "I've been called a lot of different names in the book. *FREE* shipping on qualifying offers. George Anders painted a very lucid and impactful picture of dealmaking and high finance in a way that even a novice will walk away with expert insight. The book was published back in 1992, so it goes back a lot further now than it did when it was published. His 2011 book on howto hire better, "The Rare Find," has generated dozens of speakinginvitations from leading organizations in the U.S., Europe and LatinAmerica. Sold by *Smart Student* and ships from Amazon Fulfillment. Kravis and Roberts wrote their way into the history books by concocting one giant takeover after another.

Table of Contents Introduction 1 Courting CEOs 2 The Growing Allure of Debt 3 In Pursuit of Profits 4 How to Talk to Banks 5 The Enchanting World of … Kravis and Roberts wrote their way int. Learn more about the program. No. Seller Inventory # M1587981254, Book Description Beard Books 9/1/2002, 2002. book. THIS BOOK IS PRINTED ON DEMAND. Thank you! The book was published back in 1992, so it goes back a lot further now than it did when it was published. It is non-judgemental, choosing to let facts and research speak for themselves. Paperback. These items are shipped from and sold by different sellers. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. First serial to Wall Street Journal. Anders explains how KKR, with incredible audacity, borrowed billions in cash from investment bankers, pension plans, college endowments and even their takeover targets' willing management to buy and saddle with heavy deductible debut such giant corporations as Safeway, Beatrice, Duracell and RJR Nabisco. Merchants of Debt: KKR and the Mortgaging of American Business [Anders, George] on Amazon.com. The Art of Credible Business Communication: 351 Techniques to Communicate With Cred... To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Great holiday gift idea! If you have read Barbarians--if not, you should--Merchants of Debt is relatively duplicative. Nicely balanced and revelatory. Merchants of Debt Some attribute the invention of the leveraged buyout to Kohlberg, Kravis, Roberts or Jerry Kohlberg in particular, but George Anders notes that leveraged buyouts occurred before Kohlberg began arranging them while working at the brokerage firm of Bear, Stearns. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Something we hope you'll especially enjoy: FBA items qualify for FREE Shipping and Amazon Prime. After quick and ruthless efficiency measures were imposed on the corporations to enhance earnings and pay off the debt, assets were then resold, yielding millions of dollars in fees and profits. For more than a decade, Henry Kravis and George Roberts have been archetypes, first of Wall Street's boom years and then of its excesses. There was an error retrieving your Wish Lists.

The Strength of the Team is each Individual Member. Softcover, Book Description Beard Books, United States, 2002. Delivered from our UK warehouse in 4 to 14 business days. Kravis and Roberts wrote their way into the history books by concocting one giant takeover after another. A must read for any finance professional. Lots of interviews with the principal actors in the leveraged buyout craze of the 80s and gives a side of the story that wasn't available at the time. I read this book after reading Barbarians at the Gate a few months back . While Anders doesn't portray KKR principals Henry Kravis and George Roberts as villains of the piece, he leaves little doubt that the gracious, if predatory, cousins put no stock in the human costs of their maneuverings but simply played the great game of an era harder and better than their rivals. Find all the books, read about the author, and more. Merchants of Debt: Kkr and the Mortgaging of American Business. Seller Inventory # LQ-9781587981258, Book Description Beard Books 2002-09-01, 2002. While the good times rolled, the partnership gobbled scores of sizable enterprises (Beatrice, Duracell, Lily-Tulip, Owens- Illinois, RJR Nabisco, Safeway, etc. “Merchants of Debt” shows how pride, jealousy, fear, and ambition fuelled Wall Street’s debt mania - with consequences that affected hundreds of thousands of people.