And it took me five months to finish the book - “Barbarians at the Gate: The Fall of RJR Nabisco” by Bryan Burrough.
The investment bankers at Shearson plotted their strategy around three words: Cash is king. By this they meant that they believed the special committee analyzing the bids would consider cash a superior form of payment than securities. To Johnson, historically a seller, the three little words made a lot of sense.
The story was an interesting kind of it own. Investigated by Bryan Burrough and John Helyar, it dawned to me that the world by itself is greed. Having the introduction to the LBO, it dwelled between the two most prominent characters in the story - Ross Johnson and Henry Kravis.
It is a recommended book for those whom interested in learning about economics and the world of money.
