Following his release from prison, Drexel's "junk bond king", Michael Milken, experienced and survived prostate cancer. Subsequently, he started the Prostate Cancer Foundation to help inform Americans about prostate health, prostate cancer, and treatment options.

He has , arguably, done as much as any single person to organize funding of prostate cancer research. For more information, go to www.prostatecancerfoundation.org.

With Milkin involved in a charitable "foundation" I would be interested in what % of donations were going to research and what % to "Operational Expenses".Usually a skunk never loses its stripes!

And how many Americans did Mike Milken literally rob of their life savings or retirement monies.

How much damage did this man do to literally MILLIONS of Americans . . . and it was all to satisfy his GREED and his ego. That is an awfully high price for the financial damage taht the man wrought against so many Americans.

Personally, I think that Milken should have received at least 30 to 40 years in prison at hard labor. His relatively short prison sentence obviously was not much of a deterrent to others . . . or we woould not have gotten into this current economic debacle that is based on FRAUD.

Mike and I were in the same high school graduating class and I remember him as smart, very involved in many school activities, and nice to all. Too bad he took his talents in the wrong direction.

If I remember correctly, when Mexico was being squeezed by US banks over late payments on bond payments, Mr. Milken suggested to the President of Mexico that they hold payments on the bonds, which would cause them to lose much of their perceived value, then for Mexico to buy the bonds back at greatly reduced prices. (Guess who would be the buyer and seller of the bonds?)This saved Mexico millions of dollars and reversed the pressure back to the US banks. I thought it was poetic. Milken, thus, became a far to serious threat.
Cordially,
PH

Didn't Milken sell bonds to finance the construction of the Mirage Hotel?

I recall reading that the most antagonizing thing to Milken was that when he went to prison he had to remove his hairpiece and the whole world became aware he was bald as a cue-ball.

He was a big blowhard who presured all that worked for him directly or under him in another capacity. drexel bent all thier internal rules to accomodate any and all wished he wanted because of the tremendous income stream he brought into the company. i worked there from 1973 to 1989 and lost my job at a great compant because of his greed, arrogance and corruptness. He should have gotten 50 years for all the harm he caused to most of Drexel's employees. This does not include harm to his direct underlings who thought their stuff didn't think because they were his chums and lorded it over the other suppost employees. His was an egostistical bastard and he probably still is.