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To: Gary Korn who wrote (3548)	11/18/1998 1:21:00 PM
From: SIer formerly known as Joe B.	Respond to of 32932

Jacko Eyes Wall Street wallofsound.com November 16, 1998 It looks like Michael Jackson is in need of a cash infusion to maintain the luxurious lifestyle to which he's become accustomed. Newsweek reports that the King of Pop is contemplating a bond sale that would raise $100 million or more. The magazine says that Jackson would follow the highly profitable example of David Bowie, who took in $55 million last year by selling so-called "Bowie bonds" on anticipated royalties of old recordings. Basically, Jackson would be borrowing money on future profits from old songs, including his past hits and the 250 Beatles songs he owns. Former EMI Capitol Music head Charles Koppelman, with backing from Prudential, is the frontrunner to underwrite the bonds, says the magazine, but so far he hasn't commented on the reports. Newsweek says that Jackson's bid to conquer Wall Street was prompted by his need for cash to maintain his quality of living. The man-child and father of two has suffered a major drop in his income in recent years, which has been compounded with mounting legal bills arising from various lawsuits, including a reported $20 million settlement of the infamous child molestation suit. Back in May, one of the Gloved One's managers was quoted as saying that Jackson was "getting rid of some of the crazier spending," with another insider telling the magazine this week, "He's getting back on his feet now. He was able to come back from a disastrous situation."