Lesson 1: Wealthy people wanting to avoid taxes began leveraged buyouts, but big businesses can use them to get richer.
Lesson 2: Countless people are hurt in LBO’s, but wealthy people like Ross Johnson, who use them to get wealthier, don’t care.
Lesson 3: Many people made or broke their fortunes in the RJR Nabisco deal, but Johnson’s failure in it only led to a continually thriving career.,Barbarians At The Gate
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