Success Stories
Michael Milken

Michael Milken, a Wharton School (University of Pennsylvania) MBA graduate, is one of the most successful businessmen in the world both before and after his time in prison. No person who has gone to prison has done as much in the areas of education, philanthropy, and medicine as Michael Milken. From the following bio, it is quoted: “In 1989, the government charged him with securities/reporting violations in a case that continues to engender controversy. He admitted conduct that resulted - during a brief period in his 20 years on Wall Street - in five violations. Although such conduct had never before (or since) been prosecuted criminally - a fact rarely mentioned in sensationalized press reports - he resolved the case without a trial to prevent further impact on his family. After paying a $200 million fine and serving a one-year- and-10-month sentence, he resumed his philanthropic work.” In a Wall Street Journal book review, Cornell University law professor Jonathan Macey (now a professor at Yale) called the prosecution of Mike Milken "the vengeful response by America's business and regulatory establishment to Mr. Milken's phenomenal success. But, no matter if you agree with the prosecution of Milken or not, you cannot deny the tremendous success Milken has shown since his prison release almost two decades ago. Besides his business success, Milken has given much back to society as one of the top philanthropists in the United States. For example, Fortune Magazine reviewed Milken’s contribution in the November 29, 2004 cover story under the headline "The Man Who Changed Medicine." He writes frequently about public policy issues in major publications and is a widely sought - after speaker at conferences around the world. He also focuses on family and is married to his high-school sweetheart for almost four decades and they have three children and two grandchildren.


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