Henry Kravis: How the Corporate Titan Rocked Wall Street
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- Опубліковано 2 чер 2014
- Nov. 12 (Bloomberg) -- His name is synonymous with 'Corporate Titan.' As co-founder of KKR, Henry Kravis re-wrote the rules of leveraged buyouts; he and his cousin George Roberts now rule over an empire that dwarfs some of the world's mightiest public corporations. "Bloomberg Game Changers" follows Kravis' rise from his early days in 'bootstrap' acquisitions, through his role in the 1988 landmark LBO of RJR-Nabisco, to KKR's IPO on the New York Stock Exchange. (Source: Bloomberg)
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7:09 "armed only with an idea... and $400k for overhead costs"
"...from backers"
Here after watching the film Barbarians at the Gate. Impeccable insights into how wallstreet and high finance works. No drama. No cliche. Pure business.
'Barbarians At The Gate' the story of KKR's fight to control RJR Nabisco, is right up there with Liar's Poker as a business book classic.
also you should try Den of Thieves about wall street greed
I loved that movie!
The LBO king himself.. Bloomberg did a great job here
Came here for Lenny Kravitz. Was not disappointed.
This is how you get rich on wallstreet and don't have to worry about losing money Exon BP AP and other oil companies or resources that come from the land.
in the book it says that he actually had a pretty bad record at bear sterns
Nothing but a selfish heartless SHARK .. people like him are bad for society!
Wow I’ve never known trump to be in a Bloomberg special
When the shot was taken Trump either wanted money out of Kravis or had recently gotten money out of Kravis.
Very recently: Trump's gratitude has a half-life of any other artificially-created element.
@@TheDavidlloydjones maybe. Trump likes to associate himself with powerful, rich, and famous people.
KEEP MAKING THESE FOR GOD'S SAKE .. you've got plenty of Billionaires to choose from still! Michael Bloomberg himself would love a documentary about him I'm sure. Surprise the man!
Nobody worried about that liberal fuck
@@fxlts -You wear you're political ideology on your sleeve ??? Sad !!! Blomberg ran as a Republican,independent & Democrat so calling him a liberal hack is not accurate don't you think ??? Blomberg has donated more money to elect Republicans than democrats so ???
While this is very useful information, I seem to have drifted from interests in stocks and wall street investment and delved into the cryptocurrency world. It was very rough in the beginning as yo had to be your own analyst broker and trader at the same time. Leading me to lose lots of investment until my research lead me to "Lance Bergel aka Cryptomint3r". I experience miracle after I meet him and followed his recommendations. My overall portfolio at some point went up 1250%. I invested $850 into most of Lance Bergel's recommendations and slept well at night. My biggest gain so far was when I invested around $12K into Lance recommendations and as of today they're worth over $239K. Lance, you have taken a was my financial worries over our situation and I am really really grateful. My daughter began her own asymmetrical investing with Lance Bergel and I suspect it will change her life for the better. I just cant wait. If you want to contact Lance Bergel, write to Cryptomint3r@gmailcom... thanks to Lance
These are NOT documentaries .. nothing but a misleading propaganda + @ss kissing films. .. with all respect ❤️
Corporate Raiders should not be mistaken for Noble Knights! They are just some Greedy bunch of people!
Such a masterful piece by Bloomberg
I know literally dozens of people, across several companies, who lost their jobs directly because of this guy’s work. He’s a walking definition of what’s wrong with American business (check out the friends he has…)
The film ‘Barbarians at the Gate’ was required viewing as part of an ethics course I took at university.
(Spoiler: He’s not the hero.)
2021 i still enjoy this documentary
Just glossed over the fact that the debt from the lbo crushed Houdaille. KKR still profited through their fees. Didn't matter to KKR if the deal was successful or not. They make a nice chunk up front.
Leverage is a dangerous game
This is pure gold
Thank you Bloomberg
The video somewhat glosses over the years in the early 'nineties when KKR was feeling the downdraft of irrational exuberance given in the RJR Nabisco projections from 1988. I doubt that I would want to buy this guy a beer were I to run into him somewhere.
+Sepulcher No it was successful.
If he looks like a criminal sounds like a criminal walks like a criminal
He probably has a really cool house
Prison?
Lol you're too bitter, thats the reason why you cant succees
It's anti-semitic to criticize such business culture .. EVEN if they were unethical or even criminal.
KKR won RJR Nabisco with their $109 a share bid over a higher $112 a share bid because KKR could guarantee the $109 in cash while the $112 bid depended on stock price of underlying assets.
Former chairman of Bear Sterns? I would not advertise that
I prefer the style of warren buffett over Henry Kravis, they do the same thing but just with in a different way, Buffett buys companies with cash and a little bit of debt, and never stripes the companies (except berkshire) whereas this guy takes huge about of debt to buy companies which is very very risky, that is the reason why his biggest deal became such a failure, Buffett creates and maintains jobs, Kravis destroys it. So to sum it up Buffett can be excellent host and Kravis a excellent parasite. And to see the difference one can look at their company's and personal net worth.
You don't think it had more to do with the fact that cigarettes became known to be absolutely HORRIBLE for you and people stopped smoking? lol Please... You have no clue what you're talking about.
pls educate yourself in finance.
Vedant kale That's what private equity firm work. Use debt to buy asset.
Plus there was a "Giant Ego & Prestige" issue
Guys like Kravis, Roberts and Schwartman make companies more efficient and hence competitive. If it means pple lose jobs so be it. It's a natural evolution of capitalism. You are basically saying the digital age was bad coz the postman got laid off
Amazing documentary, Henry is a financial genius, thanks for sharing
TLC, Inc. - Reginald F. Lewis did the deal on Beatrice Foods. He was the point man...There’s an entire book written about it. Huge blunder on Bloomberg’s part for failing to mention his name.
Your absolutely correct, Harvard Law named a building after him in regards. What a complete oversight!!
Wrong....Reginald Lewis did a leveraged buyout of Beatrice after this happened and renamed it TLC Beatrice (The Lewis Company).
It was Michael Milken who brought
In Reginald Lewis RIP on the Beatrice Deal. Reggie put up $50 MIL
MICHAEL MILKEN COMPANY RAISED
$935,000,000.00 JUNK BONDS THEN
LATER WENT TO JAIL...OUT OF THE
SECURITIES BUSINESS..
jb.ok
Superb Video! I'm watching this as preparation for my Management Buyout class tomorrow, in my MBA.
I'm pretty sure the clip they used in 3:14 is of City College in Harlem not Columbia University.
Navindra Kewal yes true. The stairs
No it's not. It's the Columbia campus on 116th Street.
3:11 is Columbia but 3:14 is not Columbia to the best of my recollection.
Henry Kravis is a LEGEND!
He Looks Like Joaquin Pheonix
Jai Hanani's perceptions Lol I see it, from the eyebrows down.
blessed with the "look"
You're only obscure until you take the impossible and make it possible. May not love the execution but the idea is awesome. Kohlberg, Kravis, and Roberts visionaries.
Let's see what they can do with WMIH
It's an extraordinary financial history about innovation. Kravis is a corporate titan.
" innovation " . Coming up with new kind of scam is innovative i guess , sure.
Partner of bear sterns at 30?
this guy is a genius
wrg
no kidding man.
How many LBO company employees has he sacked all throughout the years he ruled his game, and the countless families he made to lose their jobs along his path to financial gains, so many that his son was the ultimate price for his greed and unheartlessness towards the small employees he has to let go
The trimming done by PE firms is often something that was long due in the company and when the PE firm does it all of a sudden it's a bit shocking.
How can his eyes look super focused and cold on literally any photo?
Vultures....who leave broken human lives, in their wake.....and couldn't care less....
And the poor and middle class who vote Republican want them to have every break possible.
They reorganize old, stale, failing companies. If they didn't do it, the Chinese/Japanese/Indian competition sure as hell would.
does anyone know another programs like this??
No
business casual is pretty decent and coldfusion
Braves ones CNBC
Low valuation is the key!!!
@Teringventje I seems so.
Bravo
I can’t believe people actually look up to people like this. I would literally be disgusted with myself if I became anything like this man
stfu
A genius with wealth? Yeah go be a peasant somewhere else
with that mindset you won't be anything
Just a coldblooded shark- unfortunately in the capitalistic USA he is considered a legend because they glorify mammon .
Basically a heartless corporate raider
It’s not that brilliant to borrow huge amounts of money to buy a company and then drain it of all its cash and employees.
Particularly to the employees who lose their jobs and pension funds.
It's more akin to street smart! I made a living doing basically the same thing with real estate. Look for value that others don't see! I borrowed money to live! It's one of the great things about the US! I am of course a pauper compared to people like this. For instance...I borrowed money to buy rural land. We would log it! Yah I know I'm a capitalist pig. Then I would borrow more money to plant Christmas trees, white pine or fruit trees. We received agricultural tax abatements. Then we would build one or two modest homes on the road frontage. There was one time when I cut some huge white pine trees that I still remember!! I had a family to feed! Anyway the Maine Forest is doing great. The largest landowner is an Italian forest products company!! Go figure! And they let us peons use the wilderness!! Damn corporations! For better or for worse you would not even be reading my gibberish right now if it were not for these freakin characters....who by the way are wicked smaht! Smatta than you or I! Ayuh!
@@9SmartSand6 they don't do that anymore...
@@jacobsladder6715 Oh, really? Do a little research.
@@vincentconti3633 that actually sounds pretty legit to do. You're giving me an idea. You got an email I can talk to you about this?
Wow i like this guy
He's a LEGEND
13:39 KKR finds RJR
And?
He looks like Ray Liota
Michael 10
no way
Yes!!!
Hahah I thought the same!
Absolutely gripping. Great production.
how much death from tobacco???
If you’ve got a hope and a belief and a dream, follow it. No matter what.
Using other peoples money to make money.
a movie can be made in kravis life, Joaquin Phoenix resembles him
Actor michael stuhlbarg could play Kravis perfectly
So many ads come on....
This guy look like an actor ive seen before.
JSavic more like Ray Liota lol
+PaperChaser Joaquin Phoenix
larry de liquidator?
PaperChaser Joe Pesci
Is the narrator the same guy who does World Report for the LDS Church?
You guys are ridiculous with all these commercials.
10:35 in the background lol
Love this subject, only if there's an English subtitle, that would be great!
Nobody mentions that KKR lost $775 million on the RJR Nabisco LBO and hasn't done a major deal since
Define major? You must also take into account the competitive landscape changing since then. A lot more PE firms and a lot more companies going public asap.
@@johndingleberry6856 "major" could be defined as a transaction that lost KKR a quarter of a billion. None of Henry Travis' smoke and mirrors can make that hard truth go away. The only change in the competitve landscape is that nobody wants to finance KKR.
from a bear to a bull nice like this dude
So much for undervalued at $21b ...
the theme son that plays on that part where Henry won the deal who made it?
Shorting the Dwarfs' on Wall Street... is abetter slug line.
Boycott the corporate-owned US two-party system. Vote for a third-party candidate of your choice.
China
He just bought the company I work for
Vin 1000 how did that workd ?
RIP
this really didn't age well...
He basically invented a private equity industry, a whole industry with thousands of jobs and clients. So he's not all bad
Ridho Ramadhani it's now a 2 trillion dollar industry
Ridho Ramadhani how many did he bankrupt along the way and now homeless, let's say counties by NOW
His nickname should be Pac-Man
You could look it that way, or alternatively say they poached businesses from families & lent money to people who could ill afford it then paid themselves gigantic fees & bonuses that came back to fuck old established businesses, people & Americans
LOL they created maybe 100s of jobs at best but definitely destroyed 100s of thousands. PE is all about cost cutting, asset stripping, and in general bleeding companies dry. Even pension funds are on the table. Source: I work a lot with PE firms
7:48 😂😂 WHY did that guys just do that? to look cool?
Lol, crazy right
damm hes so cool, and intimidating haha, he sounds like he just survived a strangling on the way to work.
he has declined because unlike these get rich ads on youtube he doesnt flaunt , show off his wealth . real rich people
Money and morals don't go hand-in-hand
0:22 This guy looks quite competent, I think he should run for president
I love Lenny Kravitz.
What I dont really understand completely, is why would the people ( hedge funds, junk bonds ,,,were ever ) who loaned him money to buy those companies, pay him a fee ? The only analogy I can think of of, is a bank loans you money on a car, you claim is a great deal,,,, then they give you 10% because you found the car ..... Sounds like greed with a touch of lazy
eric wsmith he’s providing the service of investing cash that would other be paid out to depositors and weighing on the balance sheet.
Borrow $100mm. Buy a company for $100mm sell off assets for $110mm, pay lender back more than you borrowed and collect a fee.
@@doughtymqan
That fee is really profits corporately
And personally cause you paying
For his so called innovative idea..
Time and money now pay up..
Jb.ok
Read Barbarians at the gate when I was 18 - inspiring - came across this yesterday. Great little piece. Pretty sad they left off with Trump....
How fitting to end it with a quote from our President - Trump!!! Loved it!!
A five time bankruptcy specialist , Trump .
The big short
Ads with a short program. Too many ads
Not sure why it is necessary to portray him in a sympathetic light given that the only he did primarily was mostly for himself.
total badass
Henry Kravis just invested into crypto yesterday
Is that true, or are you promoting a pump and dump?
@@davidcookmfs6950 lie!
让我握手元音化
Earth and the Universe Keep Hell in Business .
And therefore, our noble people, What is the transcendent superior wisdom, for the sake of Global Humanity, Oneself, and Immortality, according to the Ancient Secret Wisdom; what are the five kinds of richness, most powerful knowledge and wisdom that every individual could and should possess? Could you help humanity?
PaideiaEsotericSociety
Twit: AbsoluteWisdom4
#brilliant
How you can fight criminals if this the way his sporters talk
No one peek he called it a cotton picking degree 😂😂
clever merchant in essence
The title makes no sense
Michael Bloomberg is 10 times richer.
And I am a thousand times richer...and can speak in veps and understand balotisch...
See how they describe criminals
Ray liotta doppelgänger
I guess this shows why people still distrust finance and wall street: instead of making money inovating and catering to peoples need, they "fix and sell" companies, that in practice means paper and spreedsheets, cero product development, cero consumer satisfaction improvement. A financial deal takes places outside consumer market, and in complex market, where numbers - not products - are the only metric.
❤🎉
2015年万科遇到了野蛮人，中国证券史上经典一战。
Henry Zhang post on a Chinese site not here
@@pattimaeda6097 No, 你这个多管闲事的傻叉
野蛮人是谁
IM HAVE 100 TRILLION IN PRIVATE EQUITY', BUT I DEAL WITH OTHER CIVILATION , HENRY KRAVIS COULD BE ASKING FOR PARTNERSHIP, IM OPEN TO PARTNERSHIP
Impeach him!!
Dke
👁👄👁🍿
When are you going to learn?
It's all a scam.
Explain how simple financial tools that were innovated by pure economic genius be a scam.
The tools aren't the scam. The people scam. People always scam. Lies lies and more lies just to keep the 💰 flowing. The ONLY thing that matters is the flowing money at all costs.
Cool.Hand if making money is a major character flaw. Then so be it
@@keepingyouincheck8533 Basically he brought no value to anyone except that he pumped a dream to large investors that he can buy a company and sell it for more later making money for himself and his investors but adding nothing of value - basically he created his own stock market - the LBOs were the stock.
@@truthwritten7454 If he didn't fulfil that and continuously sold lies by all means call it a scam but if he delivers & it's not a pyramid scheme that's what Private Equity firms do. Purchase companies or invest in them, turn them around or help their growth and profit from it. That's immense value.