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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 ]
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.
With Donald Trump’s pardon of former financier Michael Milken, the term “junk bond” has been back in the news — Milken invariably is referred to as “the junk-bond king.”You may know ...
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.
For those who remember Mike Milken and the junk bond scandals of the 1980s, the mortgage crisis has a familiar ring. Although the general public thinks of Milken as an "insider trader," the bigger ...
“An interview with a pioneer of high yield bonds and philanthropist, Michael Milken. In this interview, Michael discusses his early life and developing the high yield bond market at Drexel ...
In an op-ed piece in the Wall Street Journal, famed junk bond financier Michael Milken discusses the importance of prudent capital management -- and the role that the stock buyback binge of the ...
The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of "junk bonds" as well as his subsequent felony conviction and prison sentence for U.S. securities law violations. [4] [5]