Word: milken
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...Philadelphia insurance man, LeBow earned an engineering degree at Drexel University and launched his own computer company. A few years later, he had to rescue it with a financial restructuring. In short order, bailouts became his business, backed by the infamous junk bonds of Michael Milken in his heyday...
...from eager to repeat their performance now that their own cases have been settled. So it seems that Keating may have beaten the rap. True, he has served more time than nearly all the major white-collar criminals of the '80s, including notorious junk-bond king Michael Milken, with whom he did hundreds of millions of dollars in deals...
...Milken is still raking it in. Keating is itching to get back on the horse too. He told TIME that he is already considering going back into business should his legal difficulties clear the courts. What sort of business? "I may go back into business--let's just leave it at that." In fact, unencumbered by legal obstacles, there is no reason why Keating could not buy another S&L and start all over again...
...whose successful turnaround of the company is the subject of this week's story. "She's just as smart, savvy and shrewd as the next guy, but without all the macho and bluster," says McCarroll, who has covered his share of corporate movers and shakers, including Bill Gates, Michael Milken and Donald Trump. "I can see how her adversaries often make the mistake of underestimating...
...Paul" Castellano (Richard Sarafian), famously whacked by Gotti soldiers outside a Manhattan steak house in 1985, and Salvatore ("Sammy the Bull") Gravano (William Forsythe), whose turncoat chattiness with the feds ultimately landed Gotti his life sentence, are portrayed as the real evildoers here. Why? Because they were Michael Milken greedy. While Gotti's silk-and-cashmere flamboyance may have embodied the underworld side of '80s excess, Castellano and Gravano were, in this film's view, the true moral lepers because they threw around terms like "joint venture" and "bottom line" and believed in the coldhearted notion that the whole point...