• Rilichu@lemmy.world
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    1 year ago

    He’s seems like one of those shady ass business types that will run a company into the ground while trying to maximize his personal earnings before he skips town on a solid gold private jet.

    Looking at the numbers given on Wikipedia is ludicrous.

    “Milken’s compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time.”

    That’s already nuts but then you look at the company’s financials and its even more insane.

    Revenue: US$4.8 billion (1968)

    Net Income: US$545.5 million (1968)

    The guy was syphoning off a whole fifth of the company’s entire revenue for the last years of its existence before it went bankrupt.

    • ShaggySnacks@lemmy.myserv.one
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      1 year ago

      You’re doing a terrible job on selling them as a grifter. They sound a lot like those 80s sociopathic investment bankers that buy companies and then gut the company and destroy lives to make more money.

      At least a grifter has to work to get the grift going.