Michael Milken's new company, International Capital Access Group, is up and running and its founder says it will help members of minority groups and unions raise the capital to own companies. ICAG has already purchased $2.5 million of equipment for lease to a company that was bought out by unionized employees in 1987. Milken says that he has been approached by several hundred companies and ICAG is doing work for about 30 of these. However, all is not that rosy. " The New York Times reported last week on how some union officials are concerned with what they see as an effort by the AFL-CIO to use taxpayer money to buy back stock from private equity firms like IC@@
Michael Milken's new company, International Capital Access Group, is up and running and its founder says it will help members of minority groups and unions raise the capital to own companies. ICAG has already purchased $2.5 million of equipment for lease to a company that was bought out by unionized employees in 1987. Milken says that he has been approached by several hundred companies and ICAG is doing work for about 30 of these. However, all is not that rosy. The New York Times reported last week on how some union officials are concerned with what they see as an effort by the AFL-CIO to use taxpayer money to buy back stock from private equity firms like IC@@