Michael Milken

Bernie Madoff is not going gentle into that good night of prison life. Instead, he has hired a top prison consultant to help him find the best possible joint in which to spend the rest of his life. Herb Hoelter, CEO of the National Center on Institutions and Alternatives (NCIA), has provided the...

In an op-ed piece in the Wall Street Journal, famed junk bond financier Michael Milken discusses the importance of prudent capital management -- and the role that the stock buyback binge of the past few years played in creating the current crisis. Milken writes: Without stock buybacks, many such...