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Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), [ 2 ] and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. [ 3 ]
The Milken Institute is an independent economic think tank based in Santa Monica, California, with offices in Washington, D.C., New York, Miami, [ 2 ] London, [ 3 ] Abu Dhabi, and Singapore. It publishes research and hosts conferences that apply market-based principles and financial innovations to social issues in the US and internationally.
The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders, by Wall Street Journal writer Connie Bruck, largely recounts the rise of Michael Milken, his firm Drexel Burnham Lambert, and the leveraged buyout boom they helped to fuel in the 1980s.
Pages in category "Michael Milken" The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes. ...
The "highly confident letter" was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s.Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place.
Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken.
Milken may refer to: Michael Milken (born 1946), American financier and philanthropist, pleaded guilty in 1990 to U.S. securities law violation and pardoned by President Trump in 2020 Lowell Milken (born 1948), American businessman, philanthropist, brother of Michael
Michael Milken, the man credited with creating the market for high yield "junk" bonds and spurring the LBO boom of the 1980s. The beginning of the first boom period in private equity would be marked by the well-publicized success of the Gibson Greetings acquisition in 1982 and would roar ahead through 1983 and 1984 with the soaring stock market driving profitable exits for private equity ...