>... as a precursor to drawing and quartering, IMHO. I would argue
>Mike's main offense was changing the mentality of CEOs. Due to his
>influence, suddenly all these humdrum bureaucrats overseeing
>America's businesses and pulling down a few million for their chores
>(typically delegated to others) became indispensable "visionaries"
>requiring HUNDREDS of millions dollars a year to work their supposed
>magic. Milken is one world-class evil man who cannot be punished
>enough.
Mike had a role in catalyzing the shareholder revo, but Michael Jensen was theorizing it in the early 1980s, and pension fund managers were pushing it by the late 1980s. After a certain point, Milken is just a symbol, a sacrificial animal to expiate collective guilt.
Doug