TITLE

CAN FRED JOSEPH SAVE DREXEL? If the embattled investment bank is to stay on top, he doesn't have much time. The junk bond market has jitters, the company's share is slipping, clients are restless, and employees are unhappy

AUTHOR(S)
Williams, Monci Jo; Farnham, Alan; Viebranz, Joan; Prewitt, Edward
PUB. DATE
May 1989
SOURCE
Fortune;5/8/1989, Vol. 119 Issue 10, p89
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
No abstract available.
ACCESSION #
57867447

 

Related Articles

  • Goodbye to junk?  // Nature;2/22/1990, Vol. 343 Issue 6260, p677 

    Opinion. Argues that the bankruptcy of investment bank Drexel, Burnham and Lambert, a firm that invented junk bonds, may have far-reaching consequences. US government plans to rescue these institutions. Argues that the risks in owning junk bonds can be minimized.

  • CIBC Woody Gundy makes a name in junk bonds. Goldblatt, Jennifer // American Banker;10/6/1997, Vol. 162 Issue 192, p20 

    Looks at the success being experienced by CIBC Wood Gundy Securities Corp., Canadian Imperial Bank of Commerce's venture into junk bonds. Drexel Burnham Lambert as the previous employer of the company's top investment bankers; Description of its top projects.

  • Night of the living bond. Egan, Jack // U.S. News & World Report;04/14/97, Vol. 122 Issue 14, p62 

    Discusses how business is brisk in the junk bond market in the spring of 1997. Junk bond debacle of 1987 involving investment bank Drexel Burnham Lambert and Michael Milken, the firm's junk bond czar; Probability that the 1980s problems will not be repeated; Increased liquidity; Causes for concern.

  • Drexel's fall. Byron, C. // New York;3/19/90, Vol. 23 Issue 11, p32 

    Describes the fall of Drexel Burnham Lambert Group, Inc., which was, until recently, one of the richest firms on Wall Street, and now has gone out of business. Analyzes the role of President Fred Joseph in Drexel's problems; Wall Street's dislike of Drexel; Michael Milken's junk-bond network;...

  • Banking on Fraud: Drexel, Junk Bonds, and Buyouts (Book). Carter, Timothy S. // Crime, Law & Social Change;Oct94, Vol. 22 Issue 3, p293 

    Reviews the book "Banking on Fraud: Drexel, Junk Bonds, and Buyouts," by Mary Zey.

  • Fred Joseph, 70. Benner, Katie // Fortune;4/16/2007, Vol. 155 Issue 7, p104 

    This article describes Fred Joseph, who was the former CEO of Drexel Burnham Lambert. Since the firm's liquidation in 1990, Joseph has run an investment-banking-consulting firm, acted as senior advisor and managing director at ING, and founded investment bank Morgan Joseph & Company. Joseph...

  • Lenders Capitalize on a Thinning Bulge Bracket. Clouse, Carol J. // Mergers & Acquisitions: The Dealermaker's Journal;Mar2008, Vol. 43 Issue 3, p24 

    This article reports that the absence of larger firms within the U.S. merger and acquisition market is considered an opportunity for smaller leverage finance companies. A number of market forces, including the problems at several investment banks, has created different scenarios. One of which is...

  • Milking Milken Again.  // National Review;10/7/1991, Vol. 43 Issue 18, p12 

    Comments on the Resolution Trust Corporation's current lawsuit against Michael Milken, a former Drexel employee who agreed to pump his company's money into dying thrifts on the condition that they buy his bonds. Assertion that such examples of this financial coverup were encouraged because the...

  • Banks lose some share in junk bond underwriting. Tarquinio, J. Alex // American Banker;1/7/1999, Vol. 164 Issue 4, p1 

    States that commercial banks have ceded some ground in junk bond underwriting to securities firms affiliated with commercial banking companies in the United States. Decline in the shares of commercial banks; Factors affecting the losses; Impact of the difficulties experienced by the junk bond...

  • Lazard is sinking under its own weight. Elstein, Aaron // Crain's New York Business;6/13/2005, Vol. 21 Issue 24, p1 

    The article informs that last month, legendary Wall Street deal-maker Bruce Wasserstein managed to raise $855 million in an initial public offering (IPO) of shares of Lazard Ltd., the investment bank that he has led for the past three years. But barely six weeks into its new life as a public...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics