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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. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States. [2]
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.
Working undercover, Boesky secretly taped three conversations with Michael Milken, the so-called “junk bond king” whose work with Drexel Burnham Lambert had revolutionized the credit markets.
At law firm Dewey Ballantine, Kencel worked on high-yield transactions that helped him get hired at Drexel Burnham Lambert, the investment bank led by legendary financier Michael Milken. Kencel ...
By John Jannarone One of Michael Milken’s top lieutenants who was a central player and informant in the 1980s insider trading scandal said he has “nothing but the greatest respect” for Mr ...
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]
Working undercover, Boesky secretly taped three conversations with Michael Milken, the so-called "junk bond king" whose work with Drexel Burnham Lambert had revolutionized the credit markets ...