An insightful portrait of junk-bond powerhouse Drexel Burnham
Lambert and infamous financier Michael Milken, "one of the most
brilliant minds ever to have been dedicated to Wall Street's money
games." ("The" "New York Times").""
Milken is purported to have offered to pay award-winning journalist
Connie Bruck to stop work on this book, the fascinating story of
how a singularly brilliant and intensely private investment banker
essentially masterminded the creation of the junk bond market,
generating billions of dollars in profits for his clients and
himself before ultimately being brought down by charges of insider
trading, stock manipulation, and fraud under the RICO Act. Bruck's
in-depth narration of the phenomenal career of the man nicknamed
"the Junk Bond King" spans Milken's early dealings in high-yield
bonds as well as numerous corporate raids and hostile takeovers
guided by tactics that were undoubtedly revolutionary, if sometimes
unethical--and occasionally outright illegal. Standing alongside
other blockbuster tales of business malfeasance such as "Liar's
Poker" and "Too Big to Fail," "The Predators' Ball" is a shocking,
bemusing, and enlightening portrait of an era when it seemed
anything was possible on Wall Street--as long as Michael Milken was
in your Rolodex.
Simon & Schuster
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