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Excellence Redefined - Example Papers

Excellence Redefined


The 1980’s has been called the “me” generation, the decade of materialism, and was responsible for the greatest number of mergers and takeovers in the history of the US market. People were transformed by the power of money, and tried to take advantage of the opportunities in the stock market. The stock market has never guaranteed a profit, but there were those willing to take the risk. People have lost millions from speculating on what was supposed to be a “sure thing” in the stock market. People would bet their children’s college fund, and their retirement money on a stock tip, only to find bankruptcy the next day. But the growing desire for power and money caused people to achieve ...

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befriend executives in “blue chip” companies or merger and acquisition lawyers , hoping they would be given information regarding takeovers and mergers of companies before the common public. When Boesky and Milken received such information, they would strategically buy a massive amount shares in a particular company, and simply wait for the corporate announcement to drive the price of their stock up. In an effort to alleviate the Securities and Exchange Commission, Boesky and Milken spread their purchases over a period of time, and each was funded by different offshore and domestic banks to misrepresent the number of buyers. When a company would makes its corporate announcement about the merger, the public would then begin buying the shares, causing the price to skyrocket. Boesky and Milken had purchased the stock so long ago and at such a low price that their profit expectations were quickly met, so they wanted to sell everything they had at the same time everyone wanted to buy. ...

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have made any man rich if they played it perfectly, but such a feat is impossible because of the limitations of chaos in nature. Like Boesky, people started to wonder where his significant gains were coming from. Unfortunately, the Securities and Exchange Commission was among those questioning the sudden riches, and eventually they found the answer, charging Milken for, “fraudulent conduct involving insider trading, stock manipulation, failure to disclose beneficial ownership of securities and numerous other violations.” Milken believed there was not sufficient evidence to convict him, but was proved wrong, and granted a dramatic sentence of long jail time and fines totaling 11 ...

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PAPER DETAILS
Added: 4/24/2006 07:00:57 PM
Category: World History
Type: Premium Paper
Words: 2151
Pages: 8

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