Social Sciences and the Law

Why was Milken known as the junk bond king?

Link to this answer

CloseClose

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/why-milken-known-junk-bond-king-96619.html" >Why was Milken known as the junk bond king?</a>
E-mail this answer Link to this answer

Nicknamed the "junk bond king," he was an executive at Drexel Burnham Lambert, Inc., where he transformed corporate takeovers and financing by the use of high-yield junk bonds . At the height of his success in the 1980s, Milken's personal wealth was legend; according to the government, Drexel paid Milken $296 million in 1986 and $550 million in 1987.

Answer verified with
Get more facts and information about Milken, Michael Robert . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: How much was Milken worth? Where did Milken work? [ Hide these questions ]

Related research questions

Related research articles

MAD, MAD, MAD, MAD MILKEN
Newspaper article from: The Boston Globe ...Academy Awards: The "junk-bond king" made the greatest...Hills. For though Milken was by profession...Southern California. Milken, the antiestablishment...Califiornia friend who has known Milken since they were...grandiose." "Why should greed have...
Making book: why Michael Milken wants to buy Simon & Schuster.
Magazine article from: Newsweek ...Milken. The former junk-bond king and convicted felon...Channel One, and Milken's two-year...LLC. Founded by Milken and Oracle Corp...at a new high. Milken, who has a passion...educational toy company known for its phonics...
Former Toledo, Ohio, broker convicted of fraud looks to make amends.
Newspaper article from: Blade (Toledo, OH) ...make amends. Among them: Michael Milken, the "junk-bond king" who served 22 months in prison...Since release, he has become known as a philanthropist, founder of...medical research. Wolfram knows why his crimes escalated: "I did...
Dealmaking personified. (George Aronoff)
Magazine article from: Crain's Cleveland Business ...Of Michael Milken, the former Drexel Burnham junk bond king and now convicted...track record is why Mr. Aronoff...Flory who has known Mr. Aronoff...Aronoff also is known for his ability...selling shoes at K King on Euclid Avenue...
Den of Thieves.
Magazine article from: Washington Monthly Sure, Milken and Boesky...that's not why Wall Street...s annual junk bond sales conference, known as the Predator...issued junk bonds through Drexel...s junk bond king, Michael Milken, came of age...to explain why investors bought...
See all results at HighBeam

HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.