Review ´ The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders ´ E-book or Kindle E-pub

Free read ò E-book, or Kindle E-pub ï Connie Bruck

Free read ò E-book, or Kindle E-pub ï Connie Bruck 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 fi. A book I put on my to read goodreads list a few years ago It tells of the days of Mike Milikan and the company Drexel who were stretching the limits of bond underwriting and company takeovers hostile and not I found believable which it better be it's non fiction The publish year was 1988 so it's not news But I still think I learned a little If I had it to do over I would not have put it on my list but I'm anal sooooooo

Free read The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders

Review ´ The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders ´ E-book, or Kindle E-pub ☆ During the 1980s Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King He invented such thin E criminal and racketeering charges What motivated Milken in his drive for power and money Did Drexel Burnham Lambert condone the breaking of laws The Predators' Ball dramatically captures American business history in the making uncovering the philosophy of greed that has dominated Wall Street in the 198. The story of junk bond salesman Michael Milken from the late seventies and 80’s He basically created the what is now called high yield bond and a financial move called a ‘leveraged buy out’ where management of a company borrows money at a high rate to take over the company Milken’s activities changed the corporate landscape in the 80’s but all that power led to an organization that closely resembled the mafia than an investment firm Funny what can happen Rudy Giuliani’s investigation into Drexel and Michael Milken led to the firms downfall in 1988 In 2020 Donald Trump pardoned Milken after years of White House lobbying by Milken’s powerful friends including Ted Turner

Connie Bruck ï 9 Read

The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond RaidersNanced the biggest corporate raiders men like Carl Icahn and Ronald PerelmanAnd 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 fil. As the tale of one person's empire building innovating whole new realms while also transgressing ethical and legal norms this text has a great deal in common with Robert Caro's The Power Broker This book is a probing look at the mechanics of Michael Milken's seizure of power in corporate finance That said there are two faults I have with this first that the action described takes place in a little over a decade; the events seem to pile on top of each other giving little sense of chronology Secondly and probably importantly the action takes place solely at the level of shareholders and board members the effects of Milken's action on say company employees or regulators is glossed overIf the author is interested I think she should consider another update on Milken's life since his ban from the securities markets in which he has expanded to the world of philanthropy with his will to power and self mythologizing still intact