Lifestyle

Inside the life of Michael Milken, the pardoned former financier who made $500 million a year in the 1980s before being sent to prison by Rudy Giuliani

President Trump pardoned Michael Milken, the “junk bond king,” on February 18. Milken was an innovator of the use of riskier high-yield bonds, or “junk bonds,” which paid a higher interest rate than standard investment-grade bonds because of their lower credit ratings that stemmed from a perceived higher risk. A […]
Inside the life of Michael Milken, the pardoned former financier who made $500 million a year in the 1980s before being sent to prison by Rudy Giuliani