Apollo Global Management
Search results
2 days ago · Milken's compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time. With a net worth of US$ 6 billion as of 2022, he is among the richest people in the world .
3 days ago · Drexel Burnham Lambert was the investment bank most responsible for the boom in private equity during the 1980s due to its leadership in the issuance of high-yield debt. The firm was first rocked by scandal on May 12, 1986, when Dennis Levine, a Drexel managing director and investment banker, was charged with insider trading.
1 day ago · And the junk-bond playbook of borrowing big to splurge on deals was first invented in 1980s New York, by Drexel Burnham Lambert’s Michael Milken, an innovation that catapulted a bunch of relatively unknown US financiers — including Carl Icahn, Ronald Perelman and Nelson Peltz — onto the global stage.
6 days ago · Milken was accused of insider trading, stock manipulation, fraud, and other misconduct during his tenure at Drexel Burnham Lambert. His sentencing judge noted that Milken committed crimes designed to enhance his power and wealth, choosing offenses unlikely to be detected.
2 days ago · And the junk-bond playbook of borrowing big to splurge on deals was first invented in 1980s New York, by Drexel Burnham Lambert’s Michael Milken, an innovation that catapulted a bunch of ...
Jul 18, 2024 · He rose to head the new-issue desk at Los Angeles-based Drexel Burnham Lambert, which helped pioneer the leveraged buyout before declaring bankruptcy in 1990. That year he co-founded private...
Jul 18, 2024 · He is Chairman and CEO of Burnham Investors Trust, and Portfolio Manager of the Burnham Fund, a series of the Trust. His career in the securities industry has spanned...
