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Mar 2, 1990 · At the time, Drexel Burnham Lambert was the fifth-largest investment bank in the United States. Witnesses, which included Chairman of the Securities and Exchange Commission Richard Breeden ...
In February 1990, Drexel Burnham Lambert declared bankruptcy amid a slew of scandals. Equities chief Arthur Kirsch hoped to keep his high-performing 600-person team intact. Could he find a company that would take on such a massive group hire? Competitors were already moving in to poach his stars, but Kirsch was reluctant to see the group ...
The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders, by Wall Street Journal writer Connie Bruck, largely recounts the rise of Michael Milken, his firm Drexel Burnham Lambert, and the leveraged buyout boom they helped to fuel in the 1980s.
Oct 1, 1993 · In the 1980s, Drexel Burnham Lambert dominated the underwriting of junk bonds with close to a 50% market share. In 1990, Drexel went bankrupt and was liquidated, and the percentage underwriting fees for junk bonds subsequently dropped dramatically.
Prior to co-founding Apollo and Ares Management, John was a Senior Executive Vice President of Drexel Burnham Lambert Inc. where he began in 1975 and eventually headed its West Coast Corporate Finance Department.
Feb 14, 1990 · Although Drexel Burnham Lambert Inc. said yesterday that a bankruptcy filing by the firm would be framed under Chapter 11 of the Federal Bankruptcy Code, a provision intended to give a company ...
Drexel Burnham Lambert. Latest; Search. Search. Clear this text input. Ivan F. Boesky, Rogue Trader in 1980s Wall Street Scandal, Dies at 87. An inspiration for the Gordon Gekko character in the ...
