Michael Milken: The Junk Dealer (Presentation Slides)
25 Pages Posted: 3 Oct 2017
Date Written: September 22, 2017
Abstract
We look at why Michael Milken, also know as the Junk Bond King, was not just, any other Junk Dealer, but "The Junk Dealer". We look at why, what he did, was nothing sort of a miracle. His compensation, at that time, captures to a certain extent, the magnitude of the changes he brought about. He created an eco-system for business to flourish and looking at his roots, tell us that he probably had honorable intentions to begin with and lost his way along the journey. We discuss whether he had crossed a certain point of no return, where he had to do, whatever he had to, so as to sustain his creation. It is important to consider the impact he had on the wider economy and also on the future growth and development of American Industry. Some of the topics we discuss are: The Price of Junk; Milken was Milk’em LBOs (Leveraged Buyouts); Rescuing Fallen Angels; Milken’s Magic: The Pledge; The Turn; The Prestige; The Rise and Fall; What would you do? What is your verdict?
Keywords: Junk, Dealer, Michael, Milken, Fallen, Angel, Verdit, Magic, Miracle, Pledge, Turn, Prestige
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