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by version_five 1834 days ago
Milken's prosecution didnt really hurt his career much either. Hes still a billionaire (and if I remember right, his brother did very well too).

PS - read Den of Thieves again - there is an imo strong parallel between what was going on with junk bonds in the 80s and what is happening now with VC money. When Milken was indicted, he couldn't keep all the balls in the air anymore and the whole thing fell apart. I'm very interested to see what parallel will play out this time and when.

1 comments

Didn’t hurt his career much? He was barred from the securities industry forever. Sure he had a lot of money left, but how can you know where his career would go if he weren’t prosecuted? That’s like saying that if Bill Gates were forced to cash out of Microsoft in the 80s it wouldn’t have affected his career much because, after all, he would still be a billionaire