Top Highlights

• The minute you do this, he argued, you’ll lose control of your company. Once you start this process, you are no longer CEO. You turn over the reins to the board of directors.
• the fight to control RJR Nabisco in October and November 1988.
• some companies are well suited for the rigors of an LBO, while others are not.
• an LBO is a creature of time. In most cases its success or failure can’t be determined for three, four, five, even seven years.
• The events in this book constitute the birth of an LBO;