Word: lambert
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...deal maker behind Pickens and most other corporate sharks is the investment firm Drexel Burnham Lambert, which controls nearly 75% of the junk- bond market. Drexel's Michael Milken, 39, developed today's market in junk bonds almost single-handed after researching them in 1969 as an M.B.A. student at Wharton School. Milken showed that junk bonds defaulted only slightly more often than prestige certificates, yet paid interest rates 3% to 4% higher. During the late 1970s, he patiently persuaded such big investors as pension funds and banks that the bonds were safe, and Drexel began issuing mounds of them...
...Michael Lambert, a Roxbury resident who represents Mission Hill in court, also filed a appeal against DEQE's January decision...
...Lambert Haddon Township...
Division 1-AA Lambert Trophy...
Abboud admitted last week that he had advised Drexel Burnham Lambert on a possible investment in Continental but contended that he was not financially involved in the deal. Nonetheless, people who know the pugnacious Abboud say that he would love to get back into the big-money whirl of Chicago banking, especially if he could compete head on with the bank that sent him into corporate exile...