Barbarians at the Gate

"Barbarians at the Gates" is the insane true story of the leveraged buyout of RJR Nabisco. The stars are James Garner, Jonathan Pryce, Peter Riegert, Joanna Cassidy, Fred Dalton Thompson, Jeffrey DeMunn, Tom Aldredge, and David Rasche.

Upset that the stock price for RJR Nabisco isn't rising, and realizing that new item that was to raise it, Premier Cigarettes, taste and smell horrible, F. Ross Johnson (Garner), the CEO, decides to buy the company at $75 a share, which is $4 more than the stock's highest price. He gets the idea after talking to an expert in the LBO field, Henry Kravis (Pryce). When Kravis finds out that he's not involved in this LBO, he becomes upset. Soon, thanks to press releases that come out too soon, and embarrassing information hitting the papers, there are not only many players in the field, but the price being bid has gone up to $112 a share, meaning that the company will be put into billions and billions of dollars in debt.

The battle of egos is outrageous and all too believable in this story of what became a gigantic takeover contest. The film compresses some of the incidents, but the characters and behind the scenes happenings make it an intriguing, entertaining, and ultimately depressing story. Outside the New York office, one is shown countless homeless people while inside, people are talking about billions of dollars. A true '80s story of greed.

James Garner is fantastic and funny as good old boy, F. Ross Johnson, who gets into a game of oneupmanship with the elegant, quietly intense Kravis - Jonathan Pryce gives a tremendous performance as a man seething underneath while speaking very softly. Peter Riegert, as the man trying to put together the deal for Shearson Lehman is wonderful, as are two actors I've had the privilege of seeing on stage, Tom Aldredge as the head of the board of RJR Nabisco, and David Rasche, as a banker trying to get in on the deal. Fred Dalton Thompson and Joanna Cassidy are a married couple - she's the publicist for the LBO, and he's the CEO of American Express.

After seeing the documentary about Enron, I really thought nothing could top it. This does. If you want to be appalled by corporate behavior, don't miss it.

When you look at the dross that Hollywood throws money at and then forces on us at the local multiplex, one wonders why a TV film like this with so much intelligence and wit finds such a limited audience. 'Greed is good' as Gordon Gekko said and so believe just about all the protaganists of this wonderful script. James Garner is such a likeable actor that he makes his behaviour seem almost normal and natural. I'm not a great fan of Jonathan Pryce but he is perfect as the bloodless lizard Henry Travis. Larry Gelbart sustains the humour from beginning to end and the scene in the laboratory must be one of the funniest ever, and in laughing out loud I almost bust a gut as if I had been drawing on one of their new 'healthier' cigarettes.

Creavity does live in Hollywood and this film is testimony to it, so Studio Bosses give it its head and drop the remakes, seqeuls and prequels.

A story of greed, F. Ross Johnson's attempt to rid himself of troublesome shareholders who bug him with cries to curb his excessive management and lifestyle ignites a bidding war for ownership of RJR-Nabisco. Through sessions of number-crunching, men's room meetings, and personal loyalties and competitions, the fate of the company and those involved is decided and standards set for what will be allowed or punished by the captains of industry of the 1980's heyday.

For a movie dealing with such despicable and probably in real life boring characters, the final product is delightful, entertaining, and almost educational. While the level of greed and excess is appalling, you can't help getting caught up in the wheeling and dealing and the competition, rooting for one side or the other while knowing you shouldn't like either one. The greedy CEO or the heartless junk-bond trader (Henry Kravis), take your pick and enjoy. No one is immune to the satire of the film, down to the trophy wives and their manicurists who know more about Wall Street than they do. Still, the comic tone is maintained; as much as you want to hate them, the film avoids moralizing, content just to ridicule and make the audience laugh.

The attention to detail in the movie is simply brilliant. Whenever there is a TV screen or someone lighting a cigarette in the background, pay attention or you may miss a good laugh. It boasts clearly the best costumes of any Wall Street movie, from costume parties to Bush-Quayle hoedowns. Witty and satirical dialogue is accompanied by a well-chosen score. Details and incidents with little to do with the actual plot add to the entertainment value while not distracting from the story. Overall a great movie, funny and cool, makes you think a little: would you really want to be one of them?

I was delighted to stumble on this excellent TV movie late one night. Garner is great as the mega-rich company exec who comes unstuck when he tries to buy his own company. The financial shenanigans are well explained and there's genuine tension in the result. Based on a true story. It's like WALL STREET with laughs. [rating 9

In 1989, investigative journalists Bryan Burrough and John Helyar released 'Barbarians At The Gate: The Fall of RJR Nabisco,' considered by many to be one of the finest books about business ever written. Detailing CEO F. Ross Johnson's attempts to buy out the rest of his shareholders after the failure of the new, smokeless Premier cigarette, the book is an engrossing, humorous peek into a cut-throat corporate world of greed and backstabbing. An instant bestseller moving at the pace of a spy-thriller, it is a fascinating true story that begged for screen treatment.

Consequently, in 1993, HBO released a TV movie adaptation. 'Barbarians at the Gate,' directed by Glenn Jordan, faithfully retells the events of Burrough and Helyar's book, and is just as gripping as its source material. Larry Gelbart's screenplay makes the arcane language of business easily comprehensible, while ensuring the narrative maintains tension and momentum. It is also a funny film full of irony, satirising the ostentation of the 1980's and the rapaciousness of the money men of the time.

Moreover, the dialogue- often taken directly from the book which was, in turn, taken from interviews with the real-life players involved- is delightfully vulgar and witty. There are many hilarious lines throughout, which one will recall long after the credits have rolled; nearly everything uttered during the sequence involving the Premier cigarette comes immediately to mind. Furthermore, the self-made millionaire Johnson makes for a compelling central character- though one not without faults.

Johnson, although charismatic and likable, is essentially just as greedy as his rival, the calculated Henry Kravis, who is also trying to take control of the company. In some ways, he is worse, as he hides his ambition and avarice beneath good 'ol boy charm, claiming to be a man of the people while flying his dog around the country in a private jet. He's an interesting man of contradictions, whose attempts to turn a foul cigarette into a hit, and buy out RJR Nabisco, makes for an entertaining watch.

On the technical side of things, the cinematography is nothing to write home about, leaning towards the conventional, in terms of set-ups, framing and angles. However, this lack of flashy stylizations compounds the realism of the narrative, which could be seen as a boon. Meanwhile, Richard Gibbs's overblown score is the musical equivalent of shoulder pads and spandex- so stereotypically 1980's it sounds like it was written for a 'Scarface' rip-off. On the other hand, Linda Pearl's production design is commendable, accurately recreating Johnson's opulent world.

One of the most beloved actors of his generation, James Garner stars as Johnson, delivering a typically nuanced performance with his trademark ease. He never sets a foot wrong, making Johnson compelling despite his faults. Jonathan Pryce brings a cold detachment to the role of Kravis, which is chillingly effective, while Matt Clark shines as Johnson's friend and ally Edward A. Horrigan Jr. Additionally, Peter Riegert and Joanna Cassidy both do fine work as Peter Cohen and Linda Robinson, Johnson's business partners, while David Rasche nearly steals the show completely in the all-too-small part of Ted Forstmann.

In short, Glenn Jordan's 'Barbarians at the Gate' is a masterful adaptation capturing the essence of its source material while providing a satirical look at the excesses of the 1980's. Its relevance today, in an era still marked by corporate greed and financial manoeuvring, makes it a timeless piece worth watching. Well-written and strongly acted, it is a portrait of the brutal world of business that lingers in the mind like the smell of a Premier cigarette.