Of all the financial industry tell-alls of the 1980s, this has to be the most detailed and comprehensive. While writers like Bryan Burroughs, in books like "Barbarians at the Gate," focused on personalities and relationships, Connie Bruck peaked inside the intricate system of junk bond financing ...
The goal of Milken and his fellows was precisely what Leon Black had recorded at the Cavas Gobhai session back in 1979: to finance the “robber barons who would become the owners of the major companies of the future.” But these “robber barons,” as Black admiringly called them, or takeover entrepre...