The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junkbond Raiders (Paperback) (ISBN-13: 9780140120905)

During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as "the highly confident letter" (I'm highly confident that I can raise the money you need to buy company X) and "the blind pool" (Here's a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders--men like Carl Icahn and Ronald Perelman.

And then, on September 7, 1988, things changed. The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the US District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? The Predators' Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s.

Author: Connie Bruck
ISBN-10: 0140120904
ISBN-13: 9780140120905
Publisher: Penguin Books
Language: English
Published: 06/01/1989
Pages: 399
Format: Paperback
Weight: 0.60lbs
Size: 7.78h x 5.10w x 0.71d

Review Citation(s):
Essence 10/01/2002 pg. 156