RETAILING

KKR Agrees to Slash RJR Nabisco Management Fee: Leveraged buyout firm Kohlberg Kravis Roberts & Co. will cut in half the $10-million annual fee it charges RJR Nabisco Holdings Corp. In a settlement of a shareholder lawsuit filed in Delaware Chancery Court, KKR said it will reduce the fee by $2 million next year and by $1 million a year after that until the fee is cut to $5 million annually in 1997. The settlement, which must be approved by the court, comes as KKR is under scrutiny for the lackluster performance of its 50.4% stake in RJR Nabisco, which it acquired in 1989 for about $5 a share in a $29.6-billion leveraged buyout.