He’s seems like one of those shady ass business types that will run a company into the ground while trying to maximize his personal earnings before he skips town on a solid gold private jet.
Looking at the numbers given on Wikipedia is ludicrous.
“Milken’s compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time.”
That’s already nuts but then you look at the company’s financials and its even more insane.
Revenue: US$4.8 billion (1968)
Net Income: US$545.5 million (1968)
The guy was syphoning off a whole fifth of the company’s entire revenue for the last years of its existence before it went bankrupt.
You’re doing a terrible job on selling them as a grifter. They sound a lot like those 80s sociopathic investment bankers that buy companies and then gut the company and destroy lives to make more money.
At least a grifter has to work to get the grift going.
He’s seems like one of those shady ass business types that will run a company into the ground while trying to maximize his personal earnings before he skips town on a solid gold private jet.
Looking at the numbers given on Wikipedia is ludicrous.
“Milken’s compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time.”
That’s already nuts but then you look at the company’s financials and its even more insane.
Revenue: US$4.8 billion (1968)
Net Income: US$545.5 million (1968)
The guy was syphoning off a whole fifth of the company’s entire revenue for the last years of its existence before it went bankrupt.
You’re doing a terrible job on selling them as a grifter. They sound a lot like those 80s sociopathic investment bankers that buy companies and then gut the company and destroy lives to make more money.
At least a grifter has to work to get the grift going.
I was thinking he was more of a Jack Welch more than a typical grifter really