henry kravis

1. � Kravis was born to a Jewish family in Tulsa, Oklahoma, the son of Bessie (n e Roberts) and Raymond Kravis, a successful Tulsa oil engineer who was a business partner of Joseph P. Kennedy. Kravis began his education at Eaglebrook School ('60) and then high school at Loomis Chaffee School, where he participated in student government and was elected vice president of the student council in his senior year.He attended McKenna's Claremont College (then known as Claremont Men's College) with a degree in economics. He has been a member of the CMC varsity golf teams for four years and has been a member of the student services organization Knickerbockers. He served as secretary-treasurer in his sophomore year. He graduated from CMC in 1967 and then attended Columbia University Business School, where he earned an MBA in 1969. After working in various positions in the New York City financial sector, he and his cousin George R. Roberts joined the Bear Stearns staff. There they worked under the direction of corporate finance manager Jerome Kohlberg Jr. They both became partners with Bear Stearns at a very young age, 30 and 31 years old. While at Bear Stearns in the late 1960s and early 1970s, Kravis, along with Kohlberg and Roberts, began a series of so-called seed money investments. In the following years, Kohlberg and then Kravis and Roberts completed a series of buyouts, including Stern Metals (1965), Incom (a division of Rockwood International, 1971), Cobblers Industries (1971),and Boren Clay (1973), as well as Thompson Wire, Eagle Motors and Barrows through their investments in Stern Metals. Despite having had some very successful investments, their $ 27 million investment in Cobblers ended in bankruptcy. Kravis and his partners formed a series of limited partnerships to acquire these various corporations that they believed were performing well below their sales and profit potential or that had untapped financial assets that could be monetized. � � for more details visit:https://shouts.site/henry-kravis/