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- He helped turn junk bonds, once a murky backwater for risky corporate debt, into an ocean of money by persuading investors they were missing out on untapped profit. Junk—a word he and his acolytes loathed—let swashbuckling raiders borrow enough to take over some of America's best-known companies while it bankrolled a generation of entrepreneurs.
www.bloomberg.com › graphics › 2015-drexel-burnham-oral-historyRenegades of Junk: The Rise and Fall of the Drexel Empire ...
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Feb 13, 2015 · Richard B. Handler, who was a 28-year-old trader at Drexel when the firm went under, is now the chief executive of the investment bank Jefferies and of its parent company, the Leucadia National...
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But for many former employees of Drexel Burnham Lambert,...
- Key Events for Drexel Burnham Lambert
February 5, 1990: Drexel Burnham Lambert Inc. reports loss...
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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.
- 1935
- 60 Broad Street, New York, New York, United States
- I. W. "Tubby" Burnham
Feb 14, 1990 · The parent, the Drexel Burnham Lambert Group Inc., filed for protection from its creditors under Chapter 11 of the Federal Bankruptcy Code late last night, a few hours after the company's board ...
Apr 1, 2015 · Except for the craziness of the investigation, I think the firm did some of its very best work. … RJR Nabisco Drexel worked on Kohlberg Kravis Roberts & Co.'s record-breaking leveraged buyout of ...
Feb 19, 2020 · Mr Handler worked with Mr Milken at the investment bank Drexel Burnham Lambert which collapsed in 1990 after Mr Milken’s arrest and conviction led to insurmountable reputational damage for his...
Oct 21, 2010 · All three firms can trace their origins to Drexel Burnham Lambert, an investment bank that collapsed into bankruptcy in 1990, fatally wounded by an insider-trading scandal. ... Mr Handler is now ...
