Opinion
KKR’s other big change ends governance flaw
The firm’s new CEOs will oversee the unwinding of its dual-class stock structure, amid a wider push to end the model that will arrive in Australia when Square swallows Afterpay.
James ThomsonColumnistIf Henry Kravis and George Roberts had a dollar for every time their names have been mentioned alongside the words “barbarians” and “gate”, they may have been able to retire a little earlier from KKR, the private equity firm they started with Jerome Kohlberg in 1976.
The pair hung up their spurs this week, 33 years after winning a wild takeover battle for conglomerate RJR Nabisco that was documented in the book Barbarians At the Gate.
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