Jerome Kohlberg Jr., Richard Schweiker: Obituaries This Week

This week’s notable deaths included a co-founder of leveraged buyout firm KKR & Co. and a former Republican congressman and senator who was often out of step with his party. Below are summaries of these and other obituaries.

Jerome Kohlberg Jr., 90. Co-founded Kohlberg Kravis Roberts & Co. with Henry Kravis and George Roberts in 1976. An early specialist in leveraged buyouts, New York-based KKR borrowed money from institutional investors to buy underperforming companies, which it sold, in whole or in parts, within several years. He retired in 1994 following disagreements with his partners about the firm’s direction. Died July 30 of cancer at his home in Martha’s Vineyard, Massachusetts.