Building a legacy

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<namePart>Coffin, Bill</namePart>
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<abstract>What a difference a few years make. In 1998, Willis was struggling with an underperforming stock, stagnant earnings, poor spending discipline and suffered from both a silo-based culture and a collective lack of drive. That year, Kohlberg Kravis Roberts & Co. purchased the firm through a leveraged buyout and took it private , where it could be rehabilitated away from the prying eyes of stock analysts and shareholders</abstract>
<note type="statement of responsibility">Bill Coffin</note>
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<text>nº 9, September 2004 ; p. 18-21</text>
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