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Vault Message Board: Investment Banking

Topic Name: Greed
Message Name: clarification
Date Posted: 05/09/2000
In Reply To: Milken recieved payment of 550 Million from the management of Drexel, which they expected he would distribute as bonuses amoung his Southern California staff members. While not an ungenerous manager, in this instance, Milken kept the 550 MILLION and paid it to himself as salary.
Message: that's 1000 times more then you shmucks making 550K a year

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