Pioneer of the leveraged buyout, Jerome Kohlberg died earlier this week at age 90. The cause was cancer. Here is the coverage in Business Insider.
After degrees from Columbia Law School and Harvard Business School, Kohlberg found the right partners to disrupt the financial industry. They were Henry Kravis and George Roberts. Together they started KKR in 1976.
Their takeover of RJR Nabisco put in play a series of huge corporate takeovers. From chief executive officers to the janitor in large corporations, everyone was scared that the company would be taken over. And they would be out.