In analyzing the fraud-facilitated leveraged buyouts engineered
by Michael Milken and the firm of Drexel Burnham Lambert, the
author suggests that such buyouts have multiple and extensive
consequences for the organization of business and the economy. Zey
also demonstrates how ordinary bond trading networks were linked to
the extraordinary networks of the Boesky Organizations and Employee
Private Partnerships in order to defraud bond issuers and
buyers.
This book debunks the myth of rational economic organization in
the 1980s and establishes broad implications for theories of
organizational deviance.
General
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