Word: milken
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Dates: during 1990-1999
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After a year of seemingly endless legal trauma for Drexel Burnham Lambert and Michael Milken, each got unexpectedly favorable news last week. Federal Judge Kimba Wood recommended that the former junk-bond king be eligible for parole after serving only 36 to 40 months of the 10-year sentence she imposed on him for securities violations. Wood based her decision on the financial damage done to investors and companies as a result of Milken's confessed misdeeds, which she calculated to be $318,000, less than a day's pay during Milken's highest-flying years and far less than...
During the year, the symbolic targets of the '80s were shot down one by one: Donald Trump, Leona Helmsley, Imelda Marcos, Manuel Noriega, Michael Milken. Each comeuppance inspired an uneasy mix of glee and fear -- uneasy because we had so lately embraced the values of those whose falls we were cheering...
...MIKE MILKEN...
Wall Street wags are convinced that the junk-bond king will cooperate with federal prosecutors in return for a reduction of his 10-year prison sentence. Why? Toupees are not allowed in the federal penal system, and Milken, who wears one, can't bear the thought of going bare...
Consumers worried about recession and war are shopping for bargains this year. Junk-bond king Michael Milken pulls a stiff ten-year prison term...