Bryan Burrough · 592 pages
Rating: (22.5K votes)
“Everyone in the room knew about leveraged buyouts, often called LBOs. In an LBO, a small group of senior executives, usually working with a Wall Street partner, proposes to buy its company from public shareholders, using massive amounts of borrowed money. Critics of this procedure called it stealing the company from its owners and fretted that the growing mountain of corporate debt was hindering America’s ability to compete abroad. Everyone knew LBOs meant deep cuts in research and every other imaginable budget, all sacrificed to pay off debt. Proponents insisted that companies forced to meet steep debt payments grew lean and mean. On one thing they all agreed: The executives who launched LBOs got filthy rich.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“It is important to remember that, as Ken Auletta wrote in his definitive Greed and Glory on Wall Street, “no reporter can with 100 percent accuracy re-create events that occurred some time before. Memories play tricks on participants, the more so when the outcome has become clear. A reporter tries to guard against inaccuracies by checking with a variety of sources, but it is useful for a reader—and an author—to be humbled by this journalistic limitation.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“He who’s not busy being born is busy dying.” Tony”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“Planning, gentlemen, is ‘What are you going to do next year that’s different from what you did this year?’” he told them. “All I want is five items.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“Recognize that ultimate success comes from opportunistic, bold moves which, by definition, cannot be planned.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“Through all the machismo, through all the greed, through all the discussion of shareholder values, it all came down to this: John Gutfreund and Tom Strauss were prepared to scrap the largest takeover of all time because their firm’s name would go on the right side, not the left side, of a tombstone advertisement buried among the stock tables at the back of The Wall Street Journal and The New York Times.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“turn over the reins to the board of directors.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“The minute you establish an organization, it starts to decay.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“changes in the story were the result of normal editing.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
Bryan Burrough
Born date August 13, 1961
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“Five trolls in a dra-a-a-a-ag,' the four-inch man sang from my shoulder. 'Four purple condoms, three French ticklers, two horny vamps and a succubus in the snow.”
― Kim Harrison, quote from White Witch, Black Curse
“Once upon a time, each of us was somebody's kid.
Everyone had a father, even if he never provided anything more than his seed.
Everyone had a mother, even if she had to leave us on a stranger's doorstep.
No matter how we're eventually raised, all of our stories begin the exact same way.
They all end the same, too.”
― Brian K. Vaughan, quote from Saga, Vol. 1
“Because sometimes you have to do something bad to do something good.”
― Oscar Wilde, quote from The Complete Fairy Tales
“It's not just us keeping them apart. It's everyone in Beszel and everyone in Ul Qoma. Every minute, every day. We're only the last ditch: it's everyone in the cities who does most of the work. It works because you don't blink. That's why unseeing and unsensing are so vital. No one can admit it doesn't work. So if you don't admit it, it does. But if you breach, even if it's not your fault, for more than the shortest time ... you can't come back from that.”
― China Miéville, quote from The City & the City
“There are two kinds of vodka, good and very good.’ Who”
― Martin Cruz Smith, quote from Gorky Park
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