Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (139024)	2/11/2002 10:02:02 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>American financial executive, b. Van Nuys, Calif. Nicknamed the “junk bond king,” he was an executive at Drexel Burnham Lambert, Inc., where he transformed corporate takeovers and financing by the use of high-yield junk bonds. At the height of his success in the 1980s, Milken’s personal wealth was legend; according to the government, Drexel paid Milken $296 million in 1986 and $550 million in 1987. In 1989 a federal grand jury indicted Milken for violations of federal securities and racketeering laws. He pled guilty to securities fraud and related charges in 1990, and the government dropped the more serious charges of insider trading and racketeering. Milken was fined and sentenced to prison for ten years; in 1991 his sentence was reduced to two years plus three years probation. Barred from the securities business for life, Milken worked as a strategic business consultant after his release from prison. The Securities and Exchange Commission charged that this work was a violation of his probation, and in 1998 Milken settled with the SEC and paid the government $42 million in fees that he had earned plus interest. Milken, who had prostate cancer, established (1993) a foundation to underwrite a search for its cure; he is also a founder (1996) of Knowledge Universe, an educational services company.