The Predators' Ball by Connie Bruck is the fascinating story of Michael Milken who became known as the Junk bond King and eventually was brought down by charges under the RICO act. Milken and his wife both grew up in Southern California. He attended the Wharton School for an MBA and began to work at the investment banking firm of Drexel Firestone in Philadelphia. This is the beginning of his phenomenal career which made him a multi-millionaire.
Bruck tells the story of the junk bond dealers and the fabulous deals they made. The junk bond market was created by Milken just as the hostile takeover financed by junk bonds was a Milken creation. Corporate raiders came into being with Milken at the head. Milken always did it his way, no matter what the rules were......
