Barbarians at the Gate

The Fall of RJR Nabisco

De: Bryan Burrough, John Helyar

Narrado por: Eric Jason Martin

#1 New York Times bestseller and arguably the best business narrative ever written, Barbarians at the Gate is the classic account of the fall of RJR Nabisco at the hands of a buyout from investment firm KKR.

A book that stormed both the bestseller list and the public imagination, a book that created a genre of its own, and a book that gets at the heart of Wall Street and the '80s culture it helped define, Barbarians at the Gate is a modern classic—a masterpiece of investigatory journalism and a rollicking book of corporate derring-do and financial swordsmanship.

The fight to control RJR Nabisco during October and November of 1988 was more than just the largest takeover in Wall Street history. Marked by brazen displays of ego not seen in American business for decades, it became the high point of a new gilded age and its repercussions are still being felt. The tale remains the ultimate story of greed and glory—a story and a cast of characters that determined the course of global business and redefined how deals would be done and fortunes made in the decades to come.

Barbarians at the Gate is the gripping account of these two frenzied months, of deal makers and publicity flaks, of an old-line industrial powerhouse (home of such familiar products a Oreos and Camels) that became the victim of the ruthless and rapacious style of finance in the 1980s. As reporters for The Wall Street Journal, Burrough and Helyar had extensive access to all the characters in this drama. They take the reader behind the scenes at strategy meetings and society dinners, into boardrooms and bedrooms, providing an unprecedentedly detailed look at how financial operations at the highest levels are conducted but also a richly textured social history of wealth at the twilight of the Reagan era.

At the center of the huge power struggle is RJR Nabisco's president, the high-living Ross Johnson. It's his secret plan to buy out the company that sets the frenzy in motion, attracting the country's leading takeover players: Henry Kravis, the legendary leveraged-buyout king of investment firm KKR, whose entry into the fray sets off an acquisitive commotion; Peter Cohen, CEO of Shearson Lehman Hutton and Johnson's partner, who needs a victory to propel his company to an unchallenged leadership in the lucrative mergers and acquisitions field; the fiercely independent Ted Forstmann, motivated as much by honor as by his rage at the corruption he sees taking over the business he cherishes; Jim Maher and his ragtag team, struggling to regain credibility for the decimated ranks at First Boston; and an army of desperate bankers, lawyers, and accountants, all drawn inexorably to the greatest prize of their careers—and one of the greatest prizes in the history of American business.

Written with the bravado of a novel and researched with the diligence of a sweeping cultural history, Barbarians at the Gate is present at the front line of every battle of the campaign. Here is the unforgettable story of that takeover in all its brutality. In a new afterword specially commissioned for the story's 20th anniversary, Burrough and Helyar return to visit the heroes and villains of this epic story, tracing the fallout of the deal, charting the subsequent success and failure of those involved, and addressing the incredible impact this story—and the book itself—made on the world.

insane. A must for every MBA.

Action packed story that reads like a heist thriller for nerds. One of the best books ever. You'll want to finish in one sitting!

Excellent read

Well worth the time. What a rivoting story! I sure hope people have learned from this.

Entertaining!!

Great book. I felt like I was listening to fiction. Couldn’t quit listening Highly recommended

Wonderful story!

Really wonderful, detailed history/ story of Wall Street and its antics. Level of detail, providing vivid perspectives are wonderful.

Amazing story and narration

Just an overall great account of what transpired during this event. I even felt the stress at times. Great book!

Perfectly Read but Confusing!

Fascinated by the personalities but wish the authors had been more explanatory about the financial maneuvers and instruments. Perhaps they never imagined readers beyond the Wall Street Journal crowd would be interested. But we are — and personally I could have benefited from more definitions and explanations all along the way. Despite my needing to google “debentures” and such, I found the book fascinating and the narrator just perfect.

Narrator is just ok

Narrator takes some getting used to in pace and tone but the book is excellent

Fun finance heavy story

This book requires a fair amount of attention, as it covers a lot of characters. It feels like a good window into what the 1980s LBO craze was like. It focuses less on employees and customers than shareholders and executives.

Great book as expected

Great book, one of the greatest stories in the acquisition realm. The audio is great too

I would avoid it if you’re ESL

So very good writing but he frequent uses sentences like “the 6 times over octogenarian was a real Dutch uncle” and if you don’t get that then this book will be very long