The Evolution of U.S. Corporate Governance: We Are All Henry Kravis Now
The 1980s brought a phenomenal dollar volume of corporate takeovers and restructuring activity — activity distinguished by an unprecedented level of leveraged buyouts (LBOs) and hostile takeovers led by raiders such as Henry Kravis of Kohlberg Kravis & Roberts (KKR) fame. Despite the resurgence of takeovers in the 1990s, LBOs and raiders have not reappeared. Their legacy, however, remains. As finance professor Steven Kaplan of … [ Read more ]
Content: Article | Author: Steven Neil Kaplan | Source: Capital Ideas | Subject: Corporate Governance