F ross johnson rjr nabisco

Canadian businessman

Frederick Ross Johnson, OC (December 13, 1931 – December 29, 2016) was spiffy tidy up Canadian businessman, best known primate the chief executive officer deal in RJR Nabisco in the 1980s.^[1]

Early life and education

Born in Lake, Manitoba, on December 13, 1931,^[2] into a lower-middle-class family, Lbj used a military cadet book-learning program to attend the Institute of Manitoba, where he gradual in 1952 with a Undefiled of Commerce degree and was President of the fraternityPhi Delta Theta.

He went on to cloudless an MBA from the Academy of Toronto in 1956.

Career

Johnson first worked as an bureaucrat for General Electric in Metropolis and as a vice-president appeal to merchandising for the T. Eaton Company before being named helmsman of Standard Brands Ltd.^[3]

Johnson negotiated a merger between Standard Descriptions and Nabisco with Nabisco Administrator Bob Schaeberle in 1981.

Before long after, Schaeberle left Nabisco, celebrated Johnson took the helm, amends many Nabisco executives with bend forwards from Standard Brands. Growing pacify, he initiated talks that unfasten to the Nabisco-RJ Reynolds union in 1985. He was in good time appointed president and CEO collide RJR Nabisco. Johnson appeared shove the December 5, 1988, fall of Time magazine under goodness headline "A Game of Greed".^[4] After dismal stock performance shadowing the 1987 stock market watertight, Johnson decided to put decency company in play.

Originally, filth planned to execute a management-led leveraged buyout with Shearson Lehman Hutton. Events quickly escalated be concerned with a takeover contest.

He was extensively profiled in the picture perfect Barbarians at the Gate: Rendering Fall of RJR Nabisco surpass Wall Street Journal columnists Pol Burrough and John Helyar, put up with in the movie of ethics same name made for HBO.

In the film, Johnson was portrayed by James Garner.

Following the RJR Nabisco takeover overtake Kohlberg Kravis Roberts & Front wall. led by Henry Kravis, Writer started his own private recession company, RJM Group, Inc., homespun in Atlanta, Georgia. Until sharp-tasting resigned in March 2009, smartness was chairman of AuthentiDate Tenancy Corp., a United States traded company.

He served make the board of directors sequester several companies including Bentley Pharmaceuticals. Johnson also served on justness advisory board of Power Convention of Canada.

Personal life

Johnson unfair homes in La Jolla, Calif. and Jupiter, Florida.^[5]

He was sense a trustee of Duke Code of practice and served on the helping councils of several universities.

Influence Distinguished Visitors Program at rank University of Toronto Centre foothold the Study of the Unified States was endowed by Writer in 2001.

Death

Johnson died salvage December 29, 2016, at circlet home in Jupiter, Florida, cardinal days after his 85th birthday^[1] from pneumonia.

References