Search results
Apr 1, 2015 · A quarter of a century after Michael Milken wept in court as he apologized for securities fraud, Drexel's cast of characters, ideas, and attitude may be as influential as ever.
- Stuck in Seattle
About 20 workers wearing hard hats and reflective vests...
- Betting The Farm
$35,100,000,000 $27,200,000,000 $40,800,000,000 through...
- Stuck in Seattle
Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken.
Feb 14, 1990 · June 1989: Michael R. Milken resigns from Drexel and announces that he will form his own financial consulting firm.
May 21, 1990 · A former Drexel broker recalls hearing one of Milken's salesmen threaten a client over the phone: ''If you don't buy these bonds from me, I'll burn your house down!'' Back in New York...
Mar 24, 1991 · One of the few salesmen she ran into was Michael Milken. Over the next 10 years, Mrs. Ostrander developed a close relationship with Mr. Milken and several other Drexel salesmen.
Feb 13, 2015 · Drexel Burnham Lambert, the investment bank famous for high-yield or "junk" bonds, filed for bankruptcy on Feb. 13, 1990 after several years of legal troubles. Drexel's bond department head...
People also ask
Why did Drexel Burnham Lambert go bankrupt?
What happened to Drexel Burnham Lambert real estate associates II?
When was Drexel Burnham Lambert founded?
How did Drexel acquire Groupe Bruxelles Lambert?
Jan 3, 1989 · Mr. Milken, 42 years old, is largely credited with building Drexel Burnham Lambert Inc. from a small, second-tier Wall Street firm into the fifth-largest investment house in the nation.
