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Apr 1, 2015 · The tale of Drexel Burnham Lambert's unlikely rise, gargantuan heights, and calamitous fall is the story of Wall Street. A quarter of a century after Michael Milken wept in court as he...
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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.
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Apr 30, 1990 · Faced with the threat of expanded new charges, the former head of Drexel Burnham Lambert’s junk-bond department struck a tentative deal to plead guilty to six criminal counts and pay a $600...
May 19, 2024 · In 1969, while studying at the University of Pennsylvania’s Wharton School of Finance, he began working at the Drexel Firestone banking firm, which soon afterward merged with Burnham & Company to form what became Drexel Burnham Lambert Inc., a major investment banking company.
Feb 14, 1990 · Under the guidance of Michael R. Milken, former head of its junk bond division, Drexel became a primary player in the takeover battles that swept corporate America during the last decade.
Feb 14, 1990 · The merger gives Groupe Bruxelles Lambert approximately a 28 percent stake in the new company. 1978: Michael R. Milken, head of Drexel's high yield and convertible bonds department, moves...
Feb 19, 2020 · Michael Milken in 1989: the former head of Drexel Burnham Lambert's high-yield junk bond department was sentenced the following year to 10 years in prison after pleading guilty to...
