BU275 Chapter Notes - Chapter 1-5: Shower, Nabisco, Shearson
Document Summary
Money, private yet, 40th bday party for his wife in sardinia: apartment had a 6000 dolalr shower curtain, kkr wins, they start with selling the food business of nabisco, got rid of european division chung. King noodle, and other bits and pieces: go public again in 1991, very brief privatization. A particularly fascinating aspect to me was that when the billion deal (including just over. billion in cash) went through, the entire u. s. financial system was put on hold as the fed had to wire the cash through in billion increments, prevented by law from wiring anything more than that. Rjr/nabisco ceo had a golden parachute of million, but pissed off a lot of people then. The million fee kkr pocketed wasn"t a bad piece of change either. The (cid:373)o(cid:448)ie told the story of the fight for rjr na(cid:271)is(cid:272)o (cid:271)et(cid:449)ee(cid:374) its ceo f. ross joh(cid:374)so(cid:374) a(cid:374)d kkr"s.
