An authoritative reference work on economics features easy-to-understand essays detailing such complex issues as economics concepts, different schools of economic thought, financial markets, and foreign economies. 20,000 first printing.
Kohlberg Kravis Roberts and the Creation of Corporate Value
KKR's founders had little inkling of what they would accomplish when they set up shop in 1976 to practice their unusual method of acquiring small companies. Throughout the 1980s, KKR drove the scale and scope of the leveraged buyout (LBO) to unprecedented heights by acquiring companies largely with debt, making managers owners, and monitoring performance closely. Their goal was to improve the long-term value of the assets in order to earn extraordinary returns