The New Financial Capitalists
kohlberg kravis roberts and the creation of corporate value
$118.70
- Hardcover
272 pages
- Release Date
13 October 1998
Summary
The New Financial Capitalists: Inside the World of Leveraged Buyouts
A common misconception about leveraged buyouts (LBOs) is that they only lead to corporate ruin and job losses. Journalists have often portrayed LBO specialists as greedy figures who exacerbate the problems of modern economic life. This criticism peaked in the late 1980s, with Kohlberg Kravis Roberts (KKR) at the center of the storm.
Based on interviews with KKR partners and unprecedented access to their rec…
Book Details
| ISBN-13: | 9780521642606 |
|---|---|
| ISBN-10: | 0521642604 |
| Author: | George P. Baker, George David Smith |
| Publisher: | Cambridge University Press |
| Imprint: | Cambridge University Press |
| Format: | Hardcover |
| Number of Pages: | 272 |
| Release Date: | 13 October 1998 |
| Weight: | 490g |
| Dimensions: | 240mm x 162mm x 22mm |
What They're Saying
Critics Review
“This volume is an excellent addition to the literature on mergers, business history, and corporate strategy.” H. Mayo, The College of New Jersey
’ … laudatory study of [KKR] by two business-school professors, one an economist by training the other an historian. From its formation in 1976, the firm of Jerome Kohlberg, Henry Kravis and George Roberts grew to control 59 billion dollars of assets in 35 companies in 1989. (At the same time in American, only GM, Ford, Exxon and IBM were bigger.) In getting there, KKR pioneered a new approach to management that was to revolutionise the American economy.’ The Economist ‘Baker and Smith’s work is remarkable well documented, provides a clear explanation of the successes and failures of KKR, and successfully sweats its mythically enormous profits down to size, in proportion to the high risk involved.’ Contemporary European History
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