Word: junking
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Dates: during 1990-1999
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Ferne Milken, Molly Pollard and Sophie Altman are pulling out all the stops to defend their sons -- junk-bond king Michael, convicted spy Jonathan and former U.S. B.C.C.I. counsel Robert. Better watch out for Fannie Gotti...
...floors and Peltz presiding over hundreds of millions is remarkable, at the least. As described in Connie Bruck's exceptional 1988 best seller, The Predators' Ball, Milken made Peltz. He suggested Peltz buy giant National Can, and then American Can, among others, and then floated the $3 billion in junk bonds for him to do it. Previously, Peltz had had a minor, mediocre business career. But soon the can business entered a profitable cycle, and Peltz, and his more highly regarded one-third partner Peter May, would be lionized on the cover of Business Week. ("In your book...
...famed Drexel Burnham junk-bond conference -- Peltz seated at a table with Boesky and T. Boone Pickens, among others. As Milken strides by, someone gushes, "Congratulations, Mike. You're a genius!" "No," Milken snaps back sarcastically, for all to hear. "Nelson Peltz here is a genius. I'm nothing...
...only to turn to his wife Linda. As president of the Manhattan p.r. firm Robinson, Lake, Lerer & Montgomery, she ranks among the most powerful -- and controversial -- publicists in America. Her clients range from Texaco, which she helped to fend off a takeover bid staged by raider Carl Icahn, to junk-bond king Michael Milken, whose infamy she tried to % subdue. Together the Robinsons are a nonpareil power couple who cut a broad swath through the toniest boardrooms and ballrooms of the corporate elite...
...setback for her husband too. American Express's Shearson Lehman unit had bankrolled Johnson, and Jim Robinson had worked closely on the deal. More recently, she sought to portray Milken as a misunderstood benefactor of the poor. But the campaign had little impact on perceptions of the junk man, who is serving a 10-year sentence for violating securities laws...