
How the Corporate Titan Rocked Wall Street
Henry Kravis co-founded Kohlberg Kravis Roberts and rewrote the rules of the leveraged buyout, and this Bloomberg Game Changers episode traces how he did it, mostly through the people who watched him do it. Kravis himself declined to appear, so the film relies on peers, competitors, and Wall Street figures who worked alongside or against him. It follows his path from an economics degree and an MBA at Columbia to a partnership at Bear Stearns before age 30, where he and cousin George Roberts, under mentor Jerry Kohlberg, pioneered the bootstrap acquisitions that became KKR's signature. The narrative moves through the firm's early buyouts, its 1988 takeover fight for RJR Nabisco against CEO F. Ross Johnson, and KKR's eventual IPO on the New York Stock Exchange. Setbacks appear too: bankrupt holdings, the death of his teenage son, and questions about whether his brand of dealmaking helped or hollowed out the companies he acquired. The film sticks close to the deals and the men who made them, with little interest in Kravis beyond the boardroom.