INVESTMENT BANKING: Stop! In the Name of Money

Stop! In the Name of Money

"In the highest civilization," wrote Emerson, "the book is still the highest delight." Well, not for Michael Milken, particularly since he is the book's subject. The controversial junk-bond financier reportedly offered to pay Writer Connie Bruck to give up work on her book about him and his investment firm, Drexel Burnham Lambert. "I do not want it to be done. Why don't we pay you for all the copies you would have sold -- if you had written it," Milken suggested to Bruck after she began working on the project in 1986, according to an extract of the manuscript obtained by...

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