Far from the usual method of operating for a leveraged buyout firm, the first order of business was to pay off some debt -- using proceeds from sales of RJR Nabisco stock -- because Kohlberg Kravis thought that a significant part of Borden's problems were related to having too much debt.
Aren't the airlines the last industry subsector likely to show dramatic improvement in operating margins, tremendously leveraged in their capital structure, not even spending their deprecation allowances for new aircraft?
In addition, an independent Post Foods will face the uncertainty of operating as a highly leveraged company in the competitive cereal category without the benefit of a broader portfolio.
He was, by any measure, an astonishingly successful businessman, one who spent his career explaining how business might operate better, and who leveraged his own mind into a personal fortune worth as much as $250m.
That's Boeheim, the face of the storied Syracuse program and who, like most leveraged coaches operating inside the insular bubble of big-time college sports, occasionally convinces himself that he has the right to speak for the entire university.
Over-leveraged banks operating outside the ringfence will still threaten financial stability.
It led to a change in the way leveraged buyout firms operate.
In particular, informed sentiment has shifted against continuing to allow very large banks to operate in their current highly leveraged form, with a great deal of debt and very little equity.
Anat Admati of Stanford and her colleagues have led the push for much higher capital requirements — emphasizing the particular dangers around allowing our largest banks to operate in their current highly leveraged fashion.
Since enterprise applications require a database to be useful, Oracle should dominate this market in the way that Microsoft leveraged its PC operating systems into a commanding lead in word processors and spreadsheets.
