Do corporate bonds lash CEOs into leanness - or not?
Briefly, it looked as if Kirk Kerkorian, in his attempted buy-out of Chrysler, was going to revive single-handedly the buccaneering days of the 1980s when stocks and shares were replaced by bonds - many of which, if not all, well deserved the epithet junk.Wall Street's feeding frenzy culminated in the RJR Nabisco buy-out, which was notorious more for its size and the repletion of sharks surrounding it than for the principles behind it. Realising the hidden value of assets and forcing management efficiencies
You need to register to access 3 free deep dive articles per month. To continue reading please register or login below..
- Unlimited deep dives
- Data-driven research around key topics
- Buy-side insights
- Benchmarking reports
From
$1495
