16 professionals and 44 support personnel at KKR.
Jensen says that LBOs make the most sense in mature industries-such as steel, chemicals, broadcasting, and brewing- where little further investment can be jus- tified. Public stock ownership still makes sense in fast-growth sectors where oppor- tunities outstrip company resources, such as computers and pharmaceuticals.
Private ownership of industry helped propel West Germany and Japan to eco- nomic success, Jensen believes. And to- day's corporate...