Kkr Hears A New Word From Some Backers: `No'

To editorial writers and other critics, the 1988 buyout of RJR Nabisco Inc. was an epic greedfest, the quintessence of everything that was wrong about Wall Street during the 1980s. It was also a public-relations setback for RJR's acquisitor, Kohlberg Kravis Roberts & Co., which has been battling the backlash ever since. But only now is KKR facing judgment by those people whose verdict counts most: its financial backers.

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