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Article: MILKEN'S IMPACT ON U.S. CORPORATE CULTURE YET TO BE SEEN
- Article from:
- THE JOURNAL RECORD
- Article date:
- April 14, 1989
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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Why does the mere mention of Michael Milken's name bring a snarl
to the lips of some of America's mildest-mannered corporate
executives?
That may seem a foolish question. After all, the Los Angeles
investment banker has been indicted on 98 federal charges ranging
from fraud to racketeering. If the charges stick, Milken could face
decades in prison.
But there is more to the executives' venom than a simple dislike
of a man who allegedly lied and cheated his way to great wealth,
while barely hiding his contempt for business adversaries.
Milken's greater offense to the court of corporate opinion
makers was apparently not his betrayal of capitalism but of a
specific set of managerial ...