Word: milken
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...okay to pay our top fees for outside help. The protospecies of the financier could be hired for a fee to come in, clean house, do a little short term restructuring, and sell our for a killing Boesky traded inside, and no one objected to Milken's $550 million base salary for his Junk services...
According to Financial World magazine's annual list of the best-paid figures on Wall Street, investor and fund manager George Soros earned $650 million last year. That beat out Michael Milken's record of $550 million...
...advising Miami moneyman and convicted tax cheat Victor Posner on his offer to establish shelters for the homeless in lieu of prison time. Onetime Wall Street legal eagle and insider trader Martin Siegel asked for and received the chore of running a children's computer camp. Securities fraudster Michael Milken is awaiting court approval for his plan to educate inner-city youth, a proposal that appears to have contributed to his early release from prison despite an initial 10-year jail sentence...
...Binion, who bragged of killing those who crossed him, and Bill Harrah, who in his 60s drag-raced with teenagers on Reno streets, have been displaced by quiet, invisible graduates of business schools. The last convicted felon to be spotted by a local columnist on the Strip was Michael Milken, the junk-bond king. "What this town needs," says Bob Stupak, the crusty owner of Vegas World, "is that scent of vice, a little sin, to stir that desire to come to Las Vegas...
...hybrid of the old and new Las Vegas. He came to Las Vegas at a time when banks like Thomas' relied for some of their deposits on the Mob-controlled Teamsters Central States Pension Fund. But Wynn was also one of the first Las Vegas entrepreneurs to turn to Milken's junk bonds when it came time to build Atlantic City's Golden Nugget. He still refers to a casino as "the joint." But he was also the first in the business to decide to turn up the lights on the casino floor, and the only one ever to write...