During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as “the highly confident letter” (I’m highly confident that I can raise the money you need to buy company X) and “the blind pool” (Here’s a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders—men like Carl Icahn and Ronald Perelman.
And then, on September 7, 1988, things changed. The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the US District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws?
Product details
Publisher : Penguin Books; Updated ed. edition (June 1 1989)
Language : English
Paperback : 400 pages
ISBN-10 : 0140120904
ISBN-13 : 978-0140120905
Item weight : 272 g
Dimensions : 13.54 x 2.26 x 19.61 cm
Best Sellers Rank: #220,221 in Books (See Top 100 in Books)
#24 in Corporate Law (Books)
#47 in Bonds Investing
#65 in Public Finance Economics
Customer Reviews: 4.6
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