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Jupiter, Florida, United States. Nationality. Canadian. Education. University of Toronto ( M.B.A.) University of Manitoba ( B.Com.) Occupation. Businessman. Frederick Ross Johnson, OC (December 13, 1931 – December 29, 2016) was a Canadian businessman, best known as the chief executive officer of RJR Nabisco in the 1980s.
It became RJR Nabisco on April 25, 1986, after the company's $4.9 billion purchase, and earlier 1.9 billion stock swap, of Nabisco Brands Inc. in 1985. Headquarters move. In August 1986, the RJR Nabisco board announced that F. Ross Johnson would replace J. Tylee Wilson as head of the company effective January 1, 1987. Soon after, Johnson ...
HD2796.R57 B87 1990. Barbarians at the Gate: The Fall of RJR Nabisco is a 1989 book about the leveraged buyout (LBO) of RJR Nabisco, written by investigative journalists Bryan Burrough and John Helyar. The book is based upon a series of articles written by the authors for The Wall Street Journal. [1] The book was made into a 1993 made-for-TV ...
Plot. Self-made multimillionaire F. Ross Johnson, CEO of RJR Nabisco, decides to take the tobacco and food conglomerate company private in 1988 after receiving advanced news of the likely market failure of the company's smokeless cigarette called Premier, the development of which had been intended to finally boost the company's stock price.
F. Ross Johnson, the COO and President of RJR Nabisco would be chosen as the new CEO. In an effort to quickly oust Wilson, a pact was made between him and the board of directors: Wilson would be given a lump-sum of $3.25 million, have continuation of his salary, and a bonus of $1.3 million until his official retirement at the end of 1987 with ...
The R. J. Reynolds Tobacco Company ( RJR) is an American tobacco manufacturing company based in Winston-Salem, North Carolina, and headquartered at the RJR Plaza Building. Founded by R. J. Reynolds in 1875, [1] it is the second-largest tobacco company in the United States (behind Altria ). The company is a wholly owned subsidiary of Reynolds ...
Brody Smoot. Alabama extended an offer to 2023 point guard R.J. Johnson on Thursday. The native of Huntsville, Alabama was originally scheduled to commit on August 22. However, he and his family ...
One prominent episode in the life of the company was the 1988 bidding war for RJR Nabisco. Forstmann Little offered to acquire RJR Nabisco, but the management (chiefly F. Ross Johnson) instead chose Shearson Lehman Hutton. In the end, the board of directors chose Forstmann Little's arch-rival, Kohlberg Kravis Roberts & Co.