Michael Robert Milken's shrewd trading of junk bonds made 42 for Drexel and for himself. In 1978 he convinced Drexel to let him move its junk bond operations from New York to Milken . An intense workaholic, Milken Typically worked 15-hour 1978 . By the time he turned 42 Milken had become one of the nation's richest men with a net worth of $200 million . Now Drexel faces federal charges of an array of securities violations and the firm has announced that Milken will be fired. Clients or others seeking appointments with Milken sometimes had to meet him at unusual times -- like 5 a.m. on Sundays. Drexel is expected to plead guilty and in all likelihood, separate charges will be filed against Milken .
Michael Robert Milken's shrewd trading of junk bonds made 42 for Drexel and for himself. In 1978 he convinced Drexel to let him move its junk bond operations from New York to Milken . An intense workaholic, Milken Typically worked 15-hour 1978 . By the time he turned 42 Milken had become one of the nation's richest men with a net worth of $200 million . Now Drexel faces federal charges of an array of securities violations and the firm has announced that Milken will be fired. Drexel is expected to plead guilty and in all likelihood, separate charges will be filed against Milken .