Michael Robert Milken
Founder chez Milken Family Foundation
Profil
Michael Milken effectue ses études supérieures à l'université de Berkeley puis à l'université de Wharton, réputée pour son excellence en finances. Michael Milken y obtient un Master of Business Adminstration.
En 1969, il rejoint la banque Drexel Harriman Ripley. Elle n'existe plus aujourd'hui suite à son dépôt de bilan. En 1973, elle fusionne avec Burnham & Co et Milken prend la tête du département d'analyse de titres qu'il développe avec succès. En 1978, il décide de retourner en Californie.
Dans les années 80, Michael Milken s'impose comme un des rois incontestés de la finance mondiale. En tant que responsable de la branche banque d'investissement de Drexel Burnham Lambert, il met au point l'utilisation de « Junk Bonds » (qu'on traduit littéralement en français par obligations pourries).
Cette innovation financière part d'une analyse à propos des capacités d'endettement des moyennes entreprises à la fin de 1970. En effet, il était admis que les PME étaient souvent dans l'incapacité de rembourser leurs dettes. Le pari de Milken était donc de donner accès aux crédits à ces petites firmes pour qu'elles puissent se développer. Ensuite, celles-ci devaient honorer leurs dettes avec des intérêts bien plus élevés que la moyenne.
Le marché des junk bonds connut rapidement un vif succès et les entreprises voulaient toutes de ce crédit miracle, même si les taux qu'elles devaient payer étaient trop élevés. Au sommet de sa gloire, en 1987, Michael Milken gagne plus de 550 millions de dollars.
Mais bien vite les choses se gâtent. Grâce à son sens des affaires, son carnet d'adresses, son influence et la confiance dont il bénéficie de la part des investisseurs, Milken est capable de lever des sommes d'argent colossales dans le cadre des opérations de fusion-acquisitions ou de LBO auxquelles il participe. Les LBO, financés par le banquier Milken et sa banque Drexel sont réputés pour être agressifs, rapides et surtout rentables.
En juin 1989, Milken démissionne de Drexel pour créer sa propre société International Access Capital Group. Cette même année, une enquête pour délit d'initié, racket et fraude fiscale est ouverte. Michael Milken est mis en examen pour 98 chefs d'accusation. Il est condamné à dix ans de prison, mais il ne passera que 22 mois en détention. Il paye des amendes dont le montant total s'élève à près de 900 millions de dollars et il lui est interdit de retravailler dans le monde de la finance.
A sa sortie de prison, en 1993, sa fortune est encore estimée à plus d'un milliard de dollars. En 1998, il viole l'interdiction qui lui était faite de travailler dans le monde de la finance en devenant conseiller des PDG de grandes firmes lors d'opérations de fusion acquisition entre 1995 et 1996. Il paye 47 millions de dollars lors d'un règlement amiable pour mettre fin aux poursuites.
Aujourd'hui, il mise sur la philanthropie et consacre la majeure partie de son temps à des dons caritatifs en faveur de l'éducation, de la recherche sur le cancer et de la lutte contre la pauvreté. Il est partenaire du Prix Nobel bangladais, Mohamed Yunus, dans une société de microcrédit destinée à aider les plus pauvres aux Etats-Unis.
Selon le classement Forbes 2011, il est la 564ème fortune mondiale avec 2,1 milliards de dollars.
Dernières actualités sur Michael Robert Milken
Postes actifs de Michael Robert Milken
Sociétés | Poste | Début |
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KUE Management, Inc.
KUE Management, Inc. Miscellaneous Commercial ServicesCommercial Services KUE Management, Inc. provides early childhood education programs primary-through-secondary curriculam and supplemental educational services at physical locations and online schools and home schooling environments. The company is headquartered in Santa Monica, CA. | Director/Board Member | - |
Milken Family Foundation
Milken Family Foundation Investment Trusts/Mutual FundsMiscellaneous The Milken Family Foundation is a philanthropic organization founded by Michael and Lowell Milken in 1982. The foundation is based in Santa Monica, CA. The foundation's mission is to unlock the power of human potential through innovations in education and to empower people to help themselves and those around them live productive, satisfying lives. The foundation has partnered with NAMI Westside LA to provide programmatic and operational support for mental health initiatives. The Lowell Milken Center, a division of the foundation, discovers, develops, and communicates the stories of unsung heroes who have made a profound and positive difference on the course of history. The non-profit company was founded by Michael Robert Milken. | Founder | 06/08/2009 |
Prostate Cancer Foundation | Founder | 06/08/2009 |
Mounte LLC
Mounte LLC Miscellaneous Commercial ServicesCommercial Services Mounte LLC invests in education and day care companies. The company provides investment services to KinderCare Learning Centers, Knowledge Learning Corp., private school operators, and Nobel Learning Communities. It is headquartered in Santa Monica, CA. | Chairman | - |
FasterCures | Director/Board Member | 27/05/2011 |
Milken Institute
Milken Institute Miscellaneous Commercial ServicesCommercial Services Milken Institute provides research and analysis services in the areas of economic issues. The private company is based in Santa Monica, CA. Michael L. Klowden has been the CEO of the company since 2001. | Chairman | - |
Focused Ultrasound Foundation
Focused Ultrasound Foundation Miscellaneous Commercial ServicesCommercial Services Focused Ultrasound Foundation is an early-sage company, which engages in the provision of non-invasive therapeutic technology. It focuses on cardiovascular, endocrine disorders, gastrointestinal, musculoskeletal, neurological, oncological, urological, and women''s health sectors. The company was founded by Neal F. Kassell and is headquartered in Charlottesville, VA. | Director/Board Member | 03/09/2020 |
Anciens postes connus de Michael Robert Milken
Sociétés | Poste | Fin |
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KinderCare Education LLC
KinderCare Education LLC Other Consumer ServicesConsumer Services KinderCare Education LLC engages in the provision of early childhood education services. Its business lines operate under the KinderCare Learning Centers, Knowledge Beginnings, CCLC, The Grove School, Champions, and Cambridge Schools brands. The company was founded by Lowell J. Milken in 1969 and is headquartered in Portland, OR. | Chairman | - |
Vistage International, Inc.
Vistage International, Inc. Personnel ServicesCommercial Services Vistage International, Inc. engages in the provision of human resources consulting services. It offers executive leadership programs and business coaching to chief executives and business leaders. It also provides chief executive leadership, small business training, key executive coaching, trusted advisor executive, and inside leadership development programs. The company was founded in 1957 and is headquartered in San Diego, CA. | Director/Board Member | - |
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Formation de Michael Robert Milken
University of California, Berkeley | Undergraduate Degree |
The Wharton School of the University of Pennsylvania | Masters Business Admin |
Expériences
Fonctions occupées
Actives
Inactives
Sociétés cotées
Entreprise privées
Relations
Relations au 1er degré
Entreprises liées au 1er degré
Homme
Femme
Administrateurs
Exécutifs
Sociétés liées
Entreprise privées | 11 |
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Cardean Learning Group LLC
Cardean Learning Group LLC Miscellaneous Commercial ServicesCommercial Services Cardean Learning Group LLC provides management and administrative consulting and technical services to not-for-profit, profit, and education sectors. It offers advice and assistance services relating to the marketing, recruitment, and enrollment management of new students. It engages in the implementation and maintenance of various accounting and administrative records, procedures, development and maintenance of relationships with a range of external constituencies, including schools, businesses, and communities; and support of financial aid and student accounts functions through management and consultation. The company was founded in 1997 and is headquartered in Chicago, IL. | Commercial Services |
Mounte LLC
Mounte LLC Miscellaneous Commercial ServicesCommercial Services Mounte LLC invests in education and day care companies. The company provides investment services to KinderCare Learning Centers, Knowledge Learning Corp., private school operators, and Nobel Learning Communities. It is headquartered in Santa Monica, CA. | Commercial Services |
KinderCare Education LLC
KinderCare Education LLC Other Consumer ServicesConsumer Services KinderCare Education LLC engages in the provision of early childhood education services. Its business lines operate under the KinderCare Learning Centers, Knowledge Beginnings, CCLC, The Grove School, Champions, and Cambridge Schools brands. The company was founded by Lowell J. Milken in 1969 and is headquartered in Portland, OR. | Consumer Services |
KUE Management, Inc.
KUE Management, Inc. Miscellaneous Commercial ServicesCommercial Services KUE Management, Inc. provides early childhood education programs primary-through-secondary curriculam and supplemental educational services at physical locations and online schools and home schooling environments. The company is headquartered in Santa Monica, CA. | Commercial Services |
Milken Family Foundation
Milken Family Foundation Investment Trusts/Mutual FundsMiscellaneous The Milken Family Foundation is a philanthropic organization founded by Michael and Lowell Milken in 1982. The foundation is based in Santa Monica, CA. The foundation's mission is to unlock the power of human potential through innovations in education and to empower people to help themselves and those around them live productive, satisfying lives. The foundation has partnered with NAMI Westside LA to provide programmatic and operational support for mental health initiatives. The Lowell Milken Center, a division of the foundation, discovers, develops, and communicates the stories of unsung heroes who have made a profound and positive difference on the course of history. The non-profit company was founded by Michael Robert Milken. | Miscellaneous |
Prostate Cancer Foundation | Miscellaneous |
FasterCures | |
Vistage International, Inc.
Vistage International, Inc. Personnel ServicesCommercial Services Vistage International, Inc. engages in the provision of human resources consulting services. It offers executive leadership programs and business coaching to chief executives and business leaders. It also provides chief executive leadership, small business training, key executive coaching, trusted advisor executive, and inside leadership development programs. The company was founded in 1957 and is headquartered in San Diego, CA. | Commercial Services |
GlobalScholar Corp.
GlobalScholar Corp. Internet Software/ServicesTechnology Services GlobalScholar Corp. provides educational technology services. The firm offers online school finders, tutoring and homework help for students and parents. The company was founded by Kalyanaraman Srinivasan and William Zaggle in 2006 and is headquartered in Bellevue, WA. | Technology Services |
Milken Institute
Milken Institute Miscellaneous Commercial ServicesCommercial Services Milken Institute provides research and analysis services in the areas of economic issues. The private company is based in Santa Monica, CA. Michael L. Klowden has been the CEO of the company since 2001. | Commercial Services |
Focused Ultrasound Foundation
Focused Ultrasound Foundation Miscellaneous Commercial ServicesCommercial Services Focused Ultrasound Foundation is an early-sage company, which engages in the provision of non-invasive therapeutic technology. It focuses on cardiovascular, endocrine disorders, gastrointestinal, musculoskeletal, neurological, oncological, urological, and women''s health sectors. The company was founded by Neal F. Kassell and is headquartered in Charlottesville, VA. | Commercial Services |