Tag:
Michael Milken
Latest Headlines
Latest Headlines
Goldman Sachs, another Drexel Burnham Lambert?
In the heat of the moment, we have heard a good bit of hyperbole regarding Goldman Sachs ( NYSE: GS ). One Washington Post columnist likened Fabrice Tourre, the only employee named in the Goldman Sachs civil complaint, to Michael Milken--which is a laughable stretch.
TheStreet.com of
Galleon scandal expands
How big is this going to get? Nine more people have been arrested in the insider trading scandal involving Galleon. Reuters reports that the list includes Zvi Goffer, of Incremental Capital hedge fund; Arthur Cutillo, a former attorney with law firm Ropes & Gray; Jason Goldfarb, an attorne
Debt specialists in the spotlight
The Financial Times suggests that the purchase by the Blackstone Group of debt boutique GSO Capital Partners last year speaks volumes about the credit universe that private equity firms must navigate. When debt was cheap, they were big borrowers. Now private equity firms want to profi
Hostile deals back in vogue
We've noted that hostile deals are back in vogue, which may be making some people feel like they're back in the 1980s . What with Michael Milken back on the scene and all? The Financial Times notes data from Dealogic showing that hostile deals are at their highest level since 1999. This yea
Back to the future: Michael Milken returns
Are you starting to feel nostalgic for the 1980s?
While we're not seeing a huge spike in overtly hostile bids, we are seeing a lot of skirmishing. The list includes: Yahoo-Microsoft, InBev-Anheuser-Busch, and Electronics Arts-Take Two, among others. The sense is that the time to strike s
Battle of legends: Milken vs. Lipton
Martin Lipton, the legendary lawyer, says the financial crisis stems from the invention of the junk bond so many years ago. As the New York Times notes, Michael Milken begs to differ. He tells the paper that junk bonds--as well as all the CDOs that invested in them--have precious little in co
