Michael Milken
Michael Milken · Economics & Business
Drexel Burnham Lambert financier who developed the modern high-yield ('junk') bond market; later founder of the Milken Institute and medical philanthropist.
1946, United States
United States
Michael Milken is recognized among Jewish contributors to Economics & Business — Drexel Burnham Lambert financier who developed the modern high-yield ('junk') bond market; later founder of the Milken Institute and medical philanthropist.
Michael Milken is an American financier born in 1946 to a Jewish family in Encino, California. At Drexel Burnham Lambert he developed the modern high-yield ('junk') bond market, transforming corporate finance in the 1980s. He was convicted of securities-law violations in 1990 and later received a presidential pardon; he went on to found the Milken Institute and become a major funder of medical research.
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Source: Encyclopedia.com (Milken, Michael R.)
Drexel Burnham Lambert financier who developed the modern high-yield ('junk') bond market; later founder of the Milken Institute and medical philanthropist.
Source: Encyclopedia.com (Milken, Michael R.)
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