Description
"There's $3 trillion in this room," announced Michael Milken as he surveyed the high-rollers gathered in Beverly Hills in 1985 for "The Pred- ators' Ball." This was the night the new financial chieftains came to hear Milken, the young junk bond impresario who would raise billions to finance their tidal wave of takeovers. In The Predators' Ball Connie Bruck, Senior Reporter for The American Lawyer, tells the story of these men, who came to dominate the highest echelons of finance and changed the face of Wall Street.
Michael Milken did more to fuel the take- over mania of the 1980s than any other single individual. He changed the rules of the take- over game in America so that any predator, no matter how small and inconsequential, could swallow any prey, no matter how large and powerful.
Bruck demonstrates the visionary influence of the obsessive, reclusive Milken, the true host of the ball, through the moves of three major players: Carl Icahn, the one-time greenmailer who took over TWA; Ronald Perelman, chairman of Revlon, a man so rich that Salomon Brothers cowers when he talks takeover; and Nelson Peltz, whose industrial empire boasts revenues of $4 billion.
ISBN:0949338850
