Articles > Popular publications > The Boston Globe (Boston, MA) news wires > April 1989

Article: MAD, MAD, MAD, MAD MILKEN

Article from:
The Boston Globe (Boston, MA)
Article date:
April 2, 1989
Author:
Copyright

NEW YORK - Call Michael Milken the "Rain Man" of Wall Street.

It is fitting that the superstar Milken should have been indicted on the eve of this year's Academy Awards: The "junk-bond king" made the greatest fortune in Wall Street history by dint of his perfect memory for numbers.

And it is strangely appropriate that this "Rain Man" -- who made $550 million in 1987 alone -- will be arraigned here next week, missing for the first time in recent years the "Predators Ball," the annual get-together of the fraternity of junk bond dealers and takeover artists that is scheduled to be held in Beverly Hills.

For though Milken was by profession an investment banker, he also was in ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: U.S. Sets Sights on S&L Funds;Task Force to Seek ...
The Washington Post;  June 28, 1990 ;     700+ words ... ... as "daisy chain" deals with Milken and Drexel. As part of the settlement of ... preliminary information that links Drexel and Milken to millions of dollars lost by ... lining up for a share of the Drexel-Milken fund. A federal court will decide ...

Article: Milken Resigns At Drexel; Departure Paves Way For ...
The Washington Post;  June 16, 1989 ;     700+ words ... ... Junk bond king Michael Milken resigned from Drexel Burnham Lambert Inc ... prosecutors in New York. Milken's resignation ended a 20-year career at Drexel in which he transformed ... government has charged, Milken and Drexel violated dozens of ...

Article: Drexel blames Milken for all its woes
The Boston Globe;  September 12, 1991 ;     700+ words ... ... in Manhattan federal court, Drexel claimed Milken concealed his illegal activities ... California prison. In the lawsuit, Drexel claims Milken violated financial duties and ... strong financial condition." Milken quit Drexel in June 1989 and was not involved ...

Article: Milken quits Drexel to start own firm
Chicago Sun-Times;  June 16, 1989 ;     700+ words ... ... During his 19-year career at Drexel, Milken widely was credited with creating ... the government's case or on Drexel, where Milken still commands tremendous loyalty ... junk bond employees and many Drexel clients. Milken's new consulting firm, International ...

Article: GETTING EVEN DREXEL WANTS MILKEN TO PAY FOR ITS ...
Albany Times Union (Albany, NY);  September 12, 1991 ;     700+ words ... ... Manhattan federal court, Drexel claimed that Milken concealed his illegal activities ... prison. In the lawsuit, Drexel claims that Milken violated financial duties ... strong financial condition." Milken quit Drexel in June 1989 and was not ...

Article: DREXEL WILL FIRE MILKEN FIRM ALSO HAS AGREED TO ...
The Boston Globe;  January 26, 1989 ;     700+ words ... ... signed it. He condemned Drexel's sanctions against Milken as "punishment without trial ... sentence before verdict." Milken heads Drexel's Beverly Hills, Calif ... s provisions requiring Drexel to can Milken "and to refuse to pay him ...

Article: Writer Says Milken Offered to Pay To Stop Drexel ...
The Washington Post;  March 8, 1988 ;     594 words ... ... had written it?" Milken also reportedly suggested that Drexel pay Bruck "the commitment ... As the head of Drexel's junk bond department ... in Beverly Hills, Milken came to dominate ... Since late 1986, Milken and Drexel have been the subjects ...

Article: Insurers may pay $100M in Drexel settlement deal. (Michael ...
National Underwriter Property & Casualty-Risk & Benefits Management;  March 16, 1992 ;     553 words ... ... 3 billion settlement agreement between Michael Milken and other former Drexel Burnham Lambert employees, and creditors and plaintiffs in lawsuits against Mr. Milken and Drexel, would call for insurers of Drexel to contribute ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives