Michael Milken The Junk Bond King
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Michael Milken is a famous junk bond king who has done incredible business in the securities industry. He is a multi-billion dollar stock market trader and banker whose company has been fined and fined again and again for its bad behavior in the stock market. This essay is a case study of a famous junk bond king, Michael Milken who had a life and career of great wealth and success. The man behind the bubble Michael Milken was born in New York City on March 19, 19
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I write as a professional case writer for academic paper writing services. I have several years of experience in the same field. In the early 1980s, I wrote my first paper on Michael Milken. The paper was published in a major academic journal, which I did not name. At the time, Milken was notorious for exploiting the market by issuing dubious debt instruments, including junk bonds. I wrote: Milken exploited the market by issuing dubious debt instruments, including junk bonds. In the early
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I became aware of Milken’s Junk Bond activity in 1985. I didn’t know what a Junk Bond was, or even what interest rates were at the time. However, I read that Milken made a lot of money in the late 1980s, in a new type of financial product called “Junk Bonds.” My friend, John, told me a few years ago that he used to earn 20% in 1989 by betting that a bunch of junk bonds would crash. I
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In 1976, at the age of 25, Milken began his first job at Drexel Burnham Lambert Inc., a small investment banking firm in downtown Los Angeles. He worked 12-hour days, six days a week, for two years. web He learned the ins and outs of trading bonds, and the finer points of the securities industry. Despite Drexel’s reputation as one of Wall Street’s most prestigious financial institutions, Milken was never interested in
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In the late 1970s, I attended the Investment Banking conference in New York. The conference opened with a panel of prominent investment bankers that included the legendary, Michael Milken. Michael Milken was the most famous junk bond king at that time. He had made billions of dollars with junk bonds, a riskier investment than traditional bonds. In his speech, Milken explained how he had used this risk to make billions. He also mentioned how he was the king of junk bonds and how the junk