It was 1986.......a scant 20 years ago at my old employer, the venerable firm of Drexel Burnham Lambert. It was the high-yield chief himself, Michael Milken who bagged compensation that year of between $600 and $700 million. Who knows how much he paid his brother, Lowell to run the legal end of the show. They both have wound up on the Forbes list of richest Americans.
It still chafes me that the guy demolished the firm and such a great group of people. Another lesson that Wall Street only looks out for itself.
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