Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the fifth-largest investment bank in the United States.
Read more about Drexel Burnham Lambert: Early History, Business, Downfall, Criticism, Survivors, Former Employees
Famous quotes containing the words burnham and/or lambert:
“... black progress and progress for women are inextricably linked in contemporary American politics, and ... each group suffers when it fails to grasp the dimensions of the other’s struggle.”
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