Kravis Signs Off as Next Generation Rises in Private Equity

“You should meet Henry.”

So it unfolds, at the Gatsby-esque Deepdale Golf Club, on Long Island’s Gold Coast -- a story that, for better and worse, is still reverberating through corporate America decades later.

The Henry is Henry Kravis of KKR & Co., and the deal being hatched there on the clubhouse terrace -- the audacious 1988 takeover of RJR Nabisco, then America’s 19th largest industrial company -- would come to symbolize the Decade of Greed and the wildly lucrative business that Kravis would spend the rest of his career mastering: private equity.

WATCH: Henry Kravis and George Roberts are stepping down from their leadership roles at KKR.

Source: Bloomberg)

By now “Barbarians at ...