Going While The Going's Good

As early as late 1995, James Johnston told intimates he was ready to leave his job as head of worldwide tobacco operations for RJR Nabisco Holdings when the time was right. Then, on May 23, a federal appeals court threw out a giant class action against the industry. That was just a month after RJR Nabisco thwarted investor Bennett LeBow's bid to bust up the company. With good news in the air, Johnston saw his chance--and retired.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.