Details
Movie Description
The true story of R.J.R. Nabisco CEO F. Ross Johnson's attempted leveraged buyout of the company. Johnson and Henry Kravis, lbo master, lock horns in this capitalist battle royalle.
Synopsis
The ultimate Wall Street feeding frenzy of the go-go '80s is humorously rendered in this dramatization of the infamous leveraged buyout of RJR Nabisco.
F. Ross Johnson heads a group that makes a $17.6 billion bid to buy his own company, Nabisco. He personally stands to earn millions of dollars if the deal goes through. Henry Kravis, of the investment firm Kohlberg, Kravis, Roberts & Co., gets wind of the bid and makes a counter offer of $20 billion. The resulting charade of appalling greed and high-finance shenanigans was at the expense of workers and taxpayers. It is an amazing and sad commentary on American big business and the trendy corporate takeovers that defined the 1980s.
Film Notes
DVD Features:
Region 1
Snap Case
Larry Gelbart was the head writer for the television series "M*A*S*H."
RJR Nabisco was eventually sold for $25 billion.
F. Ross Johnson, who lost his bid for Nabisco and therefore his job, earned $23 million (after taxes) from selling his stock in the company!
Quotations
"All we want you to do, Ross, is make us as rich as possible." -- member of takeover group to F. Ross Johnson
"They earn money the old-fashioned way. They steal it." -- F. Ross Johnson (JAMES GARNER) on Wall Street
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