this post was submitted on 30 Aug 2023
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Movies and TV Shows

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General discussion about movies and TV shows.


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[–] Rilichu@lemmy.world 4 points 1 year ago* (last edited 1 year ago) (1 children)

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 0 points 1 year ago (1 children)

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.

[–] Rilichu@lemmy.world 1 points 1 year ago

I was thinking he was more of a Jack Welch more than a typical grifter really