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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]
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 ...
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 ...
However, junk bonds were actually used in less than 25% of acquisitions, and hostile takeovers during that period. Nevertheless, by 1990 default rates on high yield debt had increased from 4% to 10%, further eroding confidence in this financial instrument. Without Milken's cheerleading, the liquidity of the junk bond market dried up.
Michael Milken -- financier, philanthropist and once-jailed former junk bond king (see video below) -- is living in a Malibu, Calif., beachfront home recently listed for lease at $200,000 a month ...
One of Wood's notable decisions was sentencing Michael Milken, known as "The Junk Bond King", in 1990 to ten years in prison. [13] In 1991, Milken's sentence was reduced to two years' imprisonment and three years' probation at the request of prosecutors, to reward his cooperation in other investigations. [14]
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 ...
Milken is the former "junk bond king" who served a fraction of a 10-year federal prison sentence after he pleaded guilty to violating securities-disclosure rules.