Junk Bonds and Leveraged Buyouts
$19.95 Buy and instantly download this paper now
This paper provides a review of the relevant literature to define and describe junk bonds and leveraged buyouts, followed by a discussion and analysis of the current economic trends today. A summary of the research and salient findings are provided in the conclusion.
From the Paper:"Michael Milken's vast and increasingly powerful junk-bond network fostered the "merger mania" of the 1980s, in which his clients, partners, and allies, among others, engaged in a wave of corporate mergers, acquisitions, hostile takeovers, and leveraged buyouts. By the end of the 1980s, the junk-bond market had grown to $150 billion in size, and Drexel Burnham had become one of the leading financial firms in the United States. Milken's own operations accounted for at least half of the firm's profits, and his own salary zoomed from $25,000 in 1970 to $550 million in 1987 (the highest annual compensation at that time) ("Leveraged buyouts," 2002, 4-5)."
Cite this Essay:
Junk Bonds and Leveraged Buyouts (2005, June 02) Retrieved June 20, 2019, from https://www.academon.com/essay/junk-bonds-and-leveraged-buyouts-59073/
"Junk Bonds and Leveraged Buyouts" 02 June 2005. Web. 20 June. 2019. <https://www.academon.com/essay/junk-bonds-and-leveraged-buyouts-59073/>