Banking on Fraud

Drexel, Junk Bonds, and Buyouts

Author: Mary Zey
ISBN: 0202304663

In analyzing the fraud-facilitated leveraged buyouts engineered by Michael Milken and the firm of Drexel Burnham Lambert, the author suggests that such buyouts have multiple and extensive consequences for the organization of business and the economy. Zey also demonstrates how ordinary bond trading networks were linked to the extraordinary networks of the Boesky Organizations and Employee Private Partnerships in order to defraud bond issuers and buyers. This book debunks the myth of rational economic organization in the 1980s and establishes broad implications for theories of organizational deviance.

Publisher: Aldine de Gruyter
Publish Date: 1993

Subjects: Business & Economics / Management, Political Science / Public Policy / Economic Policy, True Crime / General

This book is available in the following Community Centers: Cross-Cultural Center (Location: Economics (ECON))