Obtenir des livres electroniques The Predators' Ball: The
Inside Story of Drexel Burnham and the Rise of the Junk
Bond Raiders
By 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 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? The Predators' Ball dramatically captures American business history
in the making, uncovering the philosophy of greed that has dominated Wall
Street in the 1980s.
