Merchants of Debt

First published in 1992 (by Basic Books), this reprint is timely now in the wake of Enron and WorldCom. Anders tells the story of how Kohlberg Kravis Roberts (KKR) took advantage of Wall Street's tolerance of debt to finagle massive corporate takeovers of companies that included Safeway, Drexel, and Nabisco. Anders was a journalist and editor at The Wall Street Journal and is now with Fast Company magazine. Annotation c. Book News, Inc., Portland, OR (booknews.com)