1st Edition

Banking on Fraud Drexel, Junk Bonds, and Buyouts

By Mary Zey Copyright 1993
306 Pages
by Routledge

306 Pages
by Routledge

306 Pages
by Routledge

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... Read more
I: Doing Fraud and Its Consequences; 1: An Error and Its Chain Reaction; 2: Fraud Networks of Drexel; 3: Consequences of Fraud-Facilitated Leveraged Buyouts; II: Toward Understanding Fraud; 4: Structural Contradictions and the Failure of Corporate Control; 5: The Nature of Securities Transactions and Market Control; III: Toward Understanding Fraud as Structurally Embedded; 6: Economic Context; 7: Political-Legal Context; IV: Toward Theory; 8: Toward Theories of Economic Organizations and Organizational Crime; Central Actors

Biography

Mary Zey