Customer Reviews

Barbarians at the Gate

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This book pertains to the bidding maneuvers by the junk bond brokers that led to the fall of the RJR-Nabisco conglomerate. The book builds up on the histories of both RJR and Nabisco from their beginnings, their union and later the stock buy out. I enjoyed the first part about the stories of both companies and how they got built. I did not enjoy towards the end the increasing profusion of names of junk bond traders and other companies that made everything suddenly hard to keep track of. In the end, about half of the time the book focuses on the bids and counter bids and building up on 'suspense' on who is going to get the final bidding. This might have been more interesting in the 80's but nowadays, it may be too long.

The author said it himself, "What does all this have to do with business? ". I bought this book hoping to get an insight into how large companys are run. Unfortunately it was full of details on how companys are sold, not run. I suppose if that is what you are after, then the book does its job. But if you wanted to learn something about real business, this is NOT the book for you.