Maria Bartiromo says it is the most powerful group of business folk in the world, and she's right.
This article is a good example of the movies and book on your review list. The article concerns Mike Milken's Global Investment Conference. This tenth annual event has gathered the most powerful hedge fund managers in the business. Now consider the cast of characters.
This is the Mike Milken that used to run Drexel Burnham's junk bond desk. That would be the junk bond empire that allowed Boone Pickens et al to terrorize oil companies into green mailing them to go away.
That would be the Mike Milken that foolishly rejected a misdemeanor charge and ended up going to jail for two felonies, courtesy of the federal prosecutor at the time, one Rudy Guliani, later NYC mayor and now Presidential candidate. By the way, they are good friends now.
The details of Milken are in Den of Theives and the movie Wall Street was based on that story.
The KKR RJR Nabisco deal mentioned in the story is the plotline for Barbarians at the Gates.
Milken made some $500 M personally his last year at Drexel, gee, guess who is back at the center of the investment world.
Matt thanks for that link, I don't know why that did not occur to me. I see that there is a link to 'fact check' before we write about Mike. Well I don't need to fact check, I will make a post on my blog about it.
Geez, talk about revisionist history, this is it. It is true that he has done a lot of good on the cancer front, and consdering how much money he made, he ought to. But the rest of the story, well check out my next post.
Posted by: Dennis Elam | April 28, 2007 at 06:11 AM