This digital document is an article from Chief Executive (U.S.), published by Chief Executive Publishing on May 1, 1994. The length of the article is 2907 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Recently appointed RJR Nabisco CEO Charles Michael Harper claims that his company's three new priorities are earnings, earnings and earnings. After devoting several years to debt repayment and succeeding in reducing its debt from $29.1 billion in 1989 to just $12.4 billion in 1993, Harper believes that it is now time to concentrate on generating earnings. He maintains that if RJR Nabisco sells any more of its assets, it will no longer be for the purpose of debt reduction, but because it does not have the capability for managing the business. The firm's immediate plan is to expand in the areas of domestic food, international food and international tobacco. On the question of having institutional investor Kohlberg, Kravis, Roberts & Co. (KKR) for his boss, Harper contends that it does not affect his management strategy since KKR does not intervene in business operations. Harper is also confident that KKR is a long-term investor and will not cash out any time soon.

<strong>Citation Details</strong>
<strong>Title:</strong> Back in the saddle. (interview with RJR Nabisco CEO Charles Michael Harper) (Cover Story)
<strong>Author:</strong> Joseph L. McCarthy
<strong>Publication:</strong> <em>Chief Executive (U.S.)</em> (Magazine/Journal)
<strong>Date:</strong> May 1, 1994
<strong>Publisher:</strong> Chief Executive Publishing
<strong>Issue:</strong> n94 <strong>Page:</strong> p40(4)

Article Type: Cover Story, Interview

Distributed by Thomson Gale

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