The Predators’ Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders

By | October 21, 2019
The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders Author Connie Bruck
ISBN-10 0140120904
ISBN-13 9780140120905
Year 1989-06-01
Pages 400
Language English
Publisher Penguin Books
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During the 1980s Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King He invented such things as the highly confident letter Im highly confident that I can raise the money you need to buy company X and the blind pool Heres a billion dollars let us help you buy a company and he financed the biggest corporate raidersmen 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

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