By the mid-1980s, Milken's network of high-yield bond buyers ( notably Fred Carr's Executive Life Insurance Company and Tom Spiegel's Columbia Savings & Loan ) had reached a size which enabled him to raise large amounts of money very quickly.

Milken's task was perhaps made easier by the fact that the top-tier Wall Street investment banks were unwilling to compete with him for fear of jeopardizing their longstanding and lucrative relationships with many of the blue-chip companies who were potentially his targets, although companies such as Salomon Brothers, Morgan Stanley, and First Boston later entered the high-yield market.

Milken's high-yield " pioneer " status has proved dubious as studies show " original issue " high-yield issues were common during and after the Great Depression.

For example, Charles Keating paid $ 51 million from Michael Milken's junk bond operation for Lincoln Savings and Loan, which at the time had a negative net worth exceeding $ 100 million.

Although both investigations were almost entirely focused on Milken's department, Milken refused to talk with Drexel ( which launched its own internal investigation ) except through his lawyers.

By 1976, Milken's income at what was now Drexel Burnham Lambert was estimated at $ 5 million a year.

Without question, many leading entrepreneurs of the 1980s owe their success at least partly to Milken's perception of this market opportunity.

The discovery of MacPherson Partners — whose very existence had not been known to the public at the time — seriously eroded Milken's credibility with the board.

The transaction was backed by a total of $ 900 million in high yield bonds and preferred stock underwritten by Michael Milken's group at Drexel Burnham Lambert as part of an exchange offer.

The most intriguing charge was that Boesky paid Drexel $ 5. 3 million in 1986 for Milken's share of profits from illegal trading.

On September 7, 1988, Milken's employer, Drexel Burnham Lambert, was alleged to have participated in committing an element of RICO.

Fox and others ; " The Family Celebration " ( 2001 ), which was co-hosted by President Bill Clinton and his wife, Hillary Rodham Clinton, and David E. Kelley and his wife, Michelle Pfeiffer ; and Michael Milken's CapCure event, which raises funds for cancer research.

Some of Milken's children also got warrants, according to Stewart, raising the appearance of Milken self-dealing.

At the very least, Milken's actions were a serious breach of Drexel's internal regulations, and the money managers had breached their fiduciary duty to their clients.

After Williams died of cancer, Milken's handlers hired various other attorneys and his case became more difficult.

Critics of the government charge that the government indicted Milken's brother Lowell in order to put pressure on Milken to settle, a tactic condemned as unethical by some legal scholars.

Federal investigators also questioned some of Milken's relatives — including his aging grandfather — about their investments.

Milken's sentence was later reduced to two years from ten ; he served 22 months.

KinderCare was acquired in 2005 by the Knowledge Learning Corporation ( KLC ) division of Michael Milken's privately held education services firm, Knowledge Universe.

* The victims may only want compensation for the injuries suffered, while remaining indifferent to a possible desire for deterrence.

Her report, Work Accidents and the Law ( 1910 ), became a classic and resulted in the first workers ' compensation law, which she drafted while serving on a New York state commission.

* Manager's compensation: In the past, certain executive management teams had their payout based on the total amount of profit of the company, instead of the profit per share, which would give the team a perverse incentive to buy companies to increase the total profit while decreasing the profit per share ( which hurts the owners of the company, the shareholders ).

Indeed in June 1991 Colonel L. Nuia was dismissed for killing civilians and using Australian-donated helicopters to dump their bodies at sea, while in September 1993 the PNG government offered to pay compensation for Solomon Island civilians killed by PNGDF forces who had pursued BRA members across the border.

Control of the province was handed over to the Emperor, while the Senate gained temporary control of Sardinia as compensation.

Also, while criminal law is primarily punitive, many jurisdictions have developed forms of monetary compensation or restitution which criminal courts can directly order the defendant to pay to the victim.

The insurance carrier may pay them compensation ( recompense for lost wages that would have normally occurred ), pay them for medical / legal /( pain and suffering ) damages ( i. e., those costs arising specifically as the result of the accident ), reparations to tow and repair the vehicles involved in the accident returning them to their original condition, and the payment of rental vehicles while awaiting repairs.

Korn's compensation circuit allowed him to send still pictures by telephone or wireless between countries and even over oceans, while his circuit operated without benefit of electronic amplification.

The Netherlands retained the former two while French Flanders, which had been annexed at the time of Louis XIV remained in French possession, and Eupen remained within the German Confederation, although it would pass to Belgium after World War I as compensation for the war.

The 1920 Blind Persons Act provided assistance for unemployed blind people and blind persons who were in low paid employment, while the Agriculture Act of 1920 provided allotment tenants with the right to compensation for disturbance.

By the Treaty of Vienna ( November 1738 ), Stanisław was compensated for the loss of his Polish throne with the duchy of Lorraine, which would eventually pass to King Louis as his son-in-law, while Duke Francis III of Lorraine was made heir to the Grand Duchy of Tuscany as compensation for the loss of Lorraine.

Polk argued that, while the original intent of the war had never been to acquire territory ( a view hotly contested by his opponents ), an honorable peace required territorial compensation to the United States.

Ventura's attorney has claimed that while he is not seeking any monetary compensation, Ventura wants an acknowledgment from the court that his rights were violated and that the TSA halt future pat-downs on him.

Many have paid staff including management, while others employ unpaid volunteers and even executives who work with or without compensation ( occasionally nominal ).

After the outbreak of the 2nd World War the War Department took over the Stadium in 1940, where for a while POWs ( Prisoners of War ) were housed in huts placed on the pitch, for this the club received compensation of £ 4, 570 in 1945.

In 1305, Roger de Flor and his lieutenants were assassinated by orders of the Emperor while meeting to discuss terms on their compensation.

Legal financing can be a practical means for litigants to obtain financing while they wait for a monetary settlement or an award in their personal injury, workers ' compensation, or civil rights lawsuit.

Moved by this, all but Kári and Njáll's nephew Þorgeir reach a settlement, while everyone contributes to Ljótr's weregild, which in the end amounts to a quadruple compensation.

( 1 ) Despite the rules of common law, a person described in subsection ( 2 ) who voluntarily and without reasonable expectation of compensation or reward provides the services described in that subsection is not liable for damages that result from the person's negligence in acting or failing to act while providing the services, unless it is established that the damages were caused by the gross negligence of the person.

Under its terms, Stanisław Leszczyński, the father-in-law of King Louis XV and the losing claimant to the Polish throne, received Lorraine, while Francis, in compensation for his loss, was made heir to the Grand Duchy of Tuscany, which he would inherit in 1737.

In the meantime the Bulgarian army has started to disintegrate: beset by defeat in the hands of Greeks and Serbs, they were suddenly faced with a surprising Turkish counterattack with fresh Asian troops finally ready, while the Romanians advanced south, demanding Southern Dobrudja as a compensation to the overreaching Bulgarians.

By way of compensation, Shiels gave him a bass guitar he had bought from former musician Robert Ballagh for £ 49 in 1967 while with the Uptown Band, he taught Lynott to play bass, and after a stint with ' Orphanage ' Lynott went on to international fame as founder, bassist and vocalist for Thin Lizzy.

Clive took £ 160, 000, a vast fortune for the day, while half a million was distributed among the army and navy of the East India Company, and provided gifts of £ 24, 000 to each member of the Company's committee, as well as the public compensation stipulated for in the treaty.

http :// www. history. org / Foundation / journal / summer03 / wilkes. cfm </ ref > Grenville demanded much greater compensation in exchange for the return of British conquests, while Bute favored a more generous position which eventually formed the basis of the Treaty of Paris.