- F. Ross Johnson
F. Ross Johnson OC (born 1931) is a
Canadian businessman.Born Frederick Ross Johnson in
Winnipeg, Manitoba , into a lower-middle-class family, he used a military cadet scholarship program to attend theUniversity of Manitoba where he graduated in 1952 with aBachelor of Commerce degree and was a member of the fraternity Phi Delta Theta. He went on to earn an M.B.A. degree from theUniversity of Toronto in 1956. He first worked as an accountant for Canadian General Electric in Montreal and as a vice-president of merchandising for the T. Eaton Company before being named president ofStandard Brands Ltd. Johnson negotiated a merger between Standard Brands and Nabisco with Nabisco CEOBob Schaeberle in 1985. Soon Schaeberle left Nabisco and Johnson took the helm replacing many of the "Old Guard" Nabisco executives with loyal ones from Standard Brands. After growing restless, he went into talks that led to the Nabisco-RJ Reynolds merger in 1986. He was soon appointed as President and CEO ofRJR Nabisco . Johnson appeared on the December 5, 1988 cover ofTime Magazine . After dismal stock performance following the 1987 Stock Market Crash, Johnson decided to put the company in play. Originally, he planned to execute a management ledleveraged buyout withShearson Lehman Hutton . Events quickly escalated into a takeover contest.Following the RJR Nabisco takeover by the
Kohlberg Kravis Roberts & Co. led byHenry Kravis , Johnson started his own private investment company, RJM Group, Inc., based inAtlanta, Georgia . He is Chairman OfAuthentiDate Holding Corp., a United States publicly traded company, and serves on the board of directors of several companies including Bentley Pharmaceuticals, Inc. Johnson also serves on the advisory board ofPower Corporation of Canada .He was made a Trustee of
Duke University and served on the advisory councils of several universities. He has been honored with the United States Silver Medal of Patriotism, the Versailles Award of France and made an Officer of theOrder of Canada . The Distinguished Visitors Program at theUniversity of Toronto Centre for the Study of the United States was endowed by Johnson in 2001 [http://www.utoronto.ca/csus/faculty/visitors.html#heinz] .Johnson maintains a home in
Caledon, Ontario and inJupiter, Florida . He was extensively profiled in the book "" byWall Street Journal columnists and in the movie of the same name (seeBarbarians at the Gate (film) ). In the movie, Johnson was portrayed by actorJames Garner .
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