Why is it called barbarians at the gate?
Why is it called barbarians at the gate?
The title of the book and movie comes from a statement by Forstmann in which he calls Kravis’ money “phoney junk bond crap” and how he and his brother are “real people with real money,” and that to stop raiders like Kravis: “We need to push the barbarians back from the city gates.”
Is barbarians at the gate about KKR?
KKR gained widespread recognition early on through its $25 billion leveraged buyout of tobacco and food conglomerate RJR Nabisco in 1988, a battle that was immortalized in the bestseller ‘Barbarians at the Gate. ‘
Should I read Barbarians at the Gate?
This is a great book I would recommend to anyone, but it is a must read for students of business.
Why did RJR Nabisco Want to go private?
Ross Johnson, RJR Nabisco’s chief executive, told the board that the company’s share price simply did not reflect the inherent worth of its businesses and that he wanted to take it private to release that pent-up value.
Is barbarians at the gate based on a true story?
“Barbarians at the Gates” is the insane true story of the leveraged buyout of RJR Nabisco. The stars are James Garner, Jonathan Pryce, Peter Riegert, Joanna Cassidy, Fred Dalton Thompson, Jeffrey DeMunn, Tom Aldredge, and David Rasche.
What is the story of barbarians at the gate?
1-Sentence-Summary: Barbarians At The Gate shows you how not to run a business and reveals the shocking greed of corporate America in the 1980s by telling the story of the leveraged buyout of RJR Nabisco. Have you ever heard of the term yuppie?
Who said the barbarians are at the gates?
“The expression ‘barbarians at the gate’ was … used by the Romans to describe foreign attacks against their empire.” 1 “[It] is often used in contemporary English within a sarcastic, or ironic context, when speaking about a perceived threat from a rival group of people, often deemed to be less capable or somehow ‘ …
What do you read after barbarians at the gate?
The Silence of the Lambs
- Suspense Fiction.
- Psychology.
- Serial Murderers Psychology.
How much money did KKR lose on RJR Nabisco?
Kohlberg Kravis’s equity investment of $3.5 billion came from its 1987 fund, which raised a total of $5.6 billion from institutional investors. That fund will wind up losing $730 million on the RJR Nabisco and Borden investments, according to one person who has been briefed on the details of Kohlberg Kravis finances.
What is the largest LBO in history?
The largest leveraged buyout in history was valued at $32.1 billion, when TXU Energy turned private in 2007.
What is barbarian society?
Illustration by A. De Neuville (1836-1885). ( Image credit: Public domain) Barbarians — a word that today often refers to uncivilized people or evil people and their evil deeds — originated in ancient Greece, and it initially only referred to people who were from out of town or did not speak Greek.
What happened to Ross Johnson?
Johnson died on December 29, 2016, at his home in Jupiter, Florida, seventeen days after his 85th birthday from pneumonia.
When the barbarians are at the gate quote?
Ted Forstmann: Ross, don’t you see this is our last chance. The bastards are at the city gates. Let’s stand at the bridge together. Let’s stand at the bridge and push the barbarians back!
What happened in Barbarians at the Gate?
1-Sentence-Summary: Barbarians At The Gate shows you how not to run a business and reveals the shocking greed of corporate America in the 1980s by telling the story of the leveraged buyout of RJR Nabisco.
How many pages is barbarians at the gate?
592
Barbarians at the Gate
| First edition | |
|---|---|
| Author | Bryan Burrough and John Helyar |
| Media type | Paperback |
| Pages | 592 |
| ISBN | 0-06-016172-8 |
Where does Henry Kravis live?
New York City
Kravis mainly lives in New York City and has a seasonal residence in Palm Beach, Florida; he also owns homes in New York City; Southampton, New York; Paris; and Sharon, Connecticut.
Do LBOs still exist?
Today the LBO is common and multiple financing sources and mechanisms abound, though “cash-flow” leveraged buyouts for under $5 million are still unusual.
What happened to TXU?
From 1998 to 2007, the company was known as TXU Corporation until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners. That purchase was the largest leveraged buyout in history. As of 2019, TXU Energy is a subsidiary of publicly traded Vistra Energy.
What nationality were barbarians?
The word “barbarian” originated in ancient Greece, and was initially used to describe all non-Greek-speaking peoples, including Persians, Egyptians, Medes and Phoenicians.
What are barbarians known for?
Barbarians — a word that today often refers to uncivilized people or evil people and their evil deeds — originated in ancient Greece, and it initially only referred to people who were from out of town or did not speak Greek. Today, the meaning of the word is far removed from its original Greek roots.
