Andrew G. C. Sage
Andrew G. C. Sage II
Andrew Gregg Curtin Sage II
Template:Birth year and age
|Known for||LBO of RJR Nabisco|
|Board member of||Lehman Brothers|
Andrew G. C. Sage II is an American business consultant who played a key role in the leveraged buyout of RJR Nabisco during late 1980s. Sage served as a consultant to the board of directors of RJR Nabisco and to CEO F. Ross Johnson. In addition, Sage was as a managing partner of Shearson Lehman Brothers, and served as a director of multiple public companies, including Standard Brands, General Motors, American Superconductor, and Lehman Brothers.
Career[edit | hide all | hide | edit source]
Sage joined Lehman Brothers in 1948 and became a partner in 1960. He had also been a member of Lehman's predecessors, Shearson Lehmon Brothers and Lehman Brothers, Kuhn, Loeb Inc; ie stepped down from Lehman's board in 1976 along with seven other partners. He was elected a director of General Motors in 1970, Computervision in 1991, Tom's Foods in 1993, American Superconductor in 1997, and Worldport Communications in 1999.
Additionally, he was the President and CEO of Robertson-Ceco Corporation, a metal buildings manufacturing company, before it was acquired by NCI Building Systems in 2006, and the CEO of Sage Capital Corporation, a general business and financial management corporation specializing in business restructuring and problem solving.
Leveraged Buyout of RJR Nabisco[edit | hide | edit source]
As a partner of Lehman Brothers, Sage played an advisory role Nabisco's board in its $4.9 billion acquisition by R. J. Reynolds Tobacco Company, and sat on the Nabisco board as a result of the merger.
During the leveraged buyout of RJR Nabisco, considered the biggest deal of its time and a preeminent example of corporate greed, Sage drew a consulting fee of $250,000 per year as the "all-purpose adviser to Mr. Johnson."