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Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws.
Michael Robert Milken é um financeiro e filantropo, criou praticamente sozinho, o mercado de acções de alto rendimento nos anos 70 e 80. Foi classificado pela Forbes como a 458.ª pessoa mais rica do mundo. [ 1] Milken foi considerado o criador do mercado dos títulos de alto risco e grande rentabilidade ( junkbonds, em inglês). [ 2] .
19 de mai. de 2024 · Michael Milken, American financier whose ‘junk bond’ operations fueled many of the corporate takeovers of the 1980s. In 1990 he pleaded guilty to six counts of securities fraud and served time in prison. He was pardoned by U.S. President Donald Trump in 2020.
Named one of the '75 Most Influential People of the 21st Century' by Esquire magazine, Michael Milken has driven social change with a consistent focus on disrupting - and improving - the status quo. Lifestyles magazine says he has played an "outsized role in American society."
- Early Life and Education
- Notable Deeds
- The Bottom Line
Michael Milken was born on July 4, 1946, in Encino, California. Michael, whose father was an accountant, was said to be reclusive from an early age and reportedly stood out by working harder and longer than his peers. He was head cheerleader of Birmingham High School and went bald in his early teens. In 1968, Michael earned a bachelor's degree from...
The Junk Bond King
At Drexel Burnham Lambert, Milken initiated a high-yield bond trading department, an idea that would eventually earn a 100% return on investment. Envisioning a path for investors to garner high returns by buying bonds issued by companies with low credit ratings, Milken helped Drexel Burnham Lambert launch an effort to underwrite junk bonds by convincing companies to issue them. The bonds provided capital for companies unable to access credit and Milken raised a large amount of money from a si...
Crimes
In 1986, one of Drexel Burnham Lambert's clients, Ivan Boesky, was convicted of insider tradingand implicated Milken and Drexel Burnham Lambert in his illegal financial dealings. Two years later, in 1988, Milken and his employer were charged with securities fraud. In 1990, Milken pleaded guilty to six felony counts of violating securities laws and was sentenced to ten years in prison and fined $600 million. He was also banned for life from the securities industry by the Securities and Exchang...
Michael Milken is a billionaire and philanthropist mainly known for pioneering the junk bond craze of the 1980s. Nicknamed the "junk bond king," Milken, while working as an executive at the investment bank Drexel Burnham Lambert, became famous for getting companies with lower credit ratings access to capital. Milken's work turned him into one of Wa...
Michael Robert Milken: Nascimento: 04/07/1946: Local de Nascimento: Encino, Estados Unidos: Filhos: 3: Nacionalidade: Norte-americana: Formação: Artes e ciências: Ocupação: Presidente do Milken Institute: Fortuna: US$3,7 bilhões (2021) Conhecido Como: Junk Bond King: Redes Sociais: Linkedin
19 de fev. de 2020 · Michael Milken, one of America’s greatest financiers, pioneered the use of high-yield bonds in corporate finance. His innovative work greatly expanded access to capital for emerging companies.
