Banking on Fraud: Drexel, Junk Bonds, and Buyouts, 1st Edition (Paperback) book cover

Banking on Fraud

Drexel, Junk Bonds, and Buyouts, 1st Edition

Routledge

306 pages

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Paperback: 9780202304663
pub: 1993-12-31
$48.95
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Hardback: 9781138519213
pub: 2017-09-20
$155.00
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eBook (VitalSource) : 9781351314848
pub: 2017-09-29
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Description

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.

Subject Categories

BISAC Subject Codes/Headings:
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS041000
BUSINESS & ECONOMICS / Management