January 28, 2009 |
On his last full day in office, President Bush formally struck down the clemency petitions of junk-bond financier Michael Milken and some high-profile former politicians, including Randy "Duke" Cunningham and Edwin Edwards, the Justice Department said Tuesday. The former president also denied petitions for two men who became polarizing symbols of their eras.
CALIFORNIA | LOCAL
December 16, 2008 |
An administrator from San Diego's acclaimed High Tech High has been named head of the California Charter Schools Assn., which has been a powerful advocate and organizing force for charter schools in the state, the organization announced Monday. Jed Wallace, chief operations officer of High Tech High since 2004, takes over an association that rose to prominence under the leadership of former Los Angeles school board member Caprice Young. Young left in August to take a job with Knowledge Universe, an education venture owned by financier and philanthropist Michael Milken.
September 29, 2008
Re "Bailout? Just do nothing," Opinion, Sept. 26 Bravo to Joel Stein and his observation of the Wall Street bailout that President Bush is demanding. We've been through this before in the 1980s and '90s with the Keating Five and the S&L fallout, and again with Michael Milken and his junk bonds. It is time for the free market to be free, and let the chips fall where they may. Taxpayers cannot be expected to bail out yet another bunch of white-collar crooks because their get-rich schemes finally hit the wall.
March 21, 2007 |
A partnership that includes former junk bond king Michael Milken is looking for investors interested in putting as much as $1 billion into its educationrelated ventures. Details of the offering were sketchy. However, a spokesman said Tuesday that Knowledge Universe Education had retained two investment banks to manage a private placement. About half of the offering has been placed. Milken, his brother Lowell and Steven Green, former U.S.
November 9, 2004 |
It's a school reunion of sorts for junk bond pioneer Michael Milken. Shares of educational chain KinderCare Learning Centers Inc., a company that Milken helped to finance during the 1980s in his Drexel Burnham Lambert days, soared more than 100% on Monday after privately held Knowledge Learning Corp., which is majority owned by Milken and his brother, Lowell, said it would acquire KinderCare in a deal worth $1 billion.
March 5, 2003 |
Aramark Corp., operator of Children's World Learning Centers, agreed to sell its Educational Resources unit to former junk bond king Michael Milken's Knowledge Learning Corp. to exit the child-care business. Aramark is selling the division for $225 million in cash and $40 million in a subordinated note, the Philadelphia-based company said. The education unit had $455.8 million in annual sales, accounting for 5.2% of Aramark's revenue. Thomas Heymann, the former president of Disney Store Inc.
June 25, 2002 |
LeapFrog Enterprises Inc., a developer of interactive-learning tools backed by Michael Milken and Oracle Corp. Chairman Larry Ellison, on Monday filed details for a proposed initial public stock sale. The firm, based in Emeryville, Calif., said it hoped to sell 9 million Class A shares at $13 to $16 each, raising as much as $138 million to repay debt and fund growth. The details were in a Securities and Exchange Commission filing.
February 28, 2001 |
A New York appeals court has upheld the dismissal of a $35-million libel suit against the author and publisher of "Den of Thieves," a book about former junk bond king Michael Milken and the insider trading scandals of the 1980s. The lawsuit was filed in 1992 by Michael F. Armstrong, the attorney for Milken's brother, Lowell.
January 17, 2001 |
On one side, a powerful, immensely rich man with important friends and a history of good deeds. On the other side, an egregious case of securities fraud and a high-profile federal indictment. These are the contending forces weighing on President Clinton's mind as he decides whether to grant a pardon for financier Michael Milken.