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Topic: Ivan Boesky

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Insider trading

Michael Milken

Wall Street

Junk bonds

Den of Thieves

University of California

Corporate raid

Mergers and acquisitions

Arbitrage

Gregor MacGregor

Long Beach, California

Roy Neuberger

UC Berkeley

Poison pill

Rudolph Giuliani

	Ivan Boesky Summary
		Boesky was born on March 6, 1937, in Detroit, Michigan, the child of Russian immigrants.
		Ivan Frederick Boesky (born March 6, 1937 in Detroit, Michigan) was notable for his prominent role in a Wall Street insider trading scandal that occurred in the United States in the mid-1980s.
		Boesky gave an infamous speech on the positive aspects of greed at the University of California, Berkeley in 1986 (where he said in part "I think greed is healthy.
	www.bookrags.com /Ivan_Boesky (1028 words)

	Ivan Boesky - Wikipedia, the free encyclopedia
		Ivan Frederick Boesky (born March 6, 1937 in Detroit, Michigan) was notable for his prominent role in a Wall Street insider trading scandal that occurred in the United States in the mid-1980s.
		Boesky cooperated with the SEC and informed on several of his insiders, including junk bond trader Michael Milken.
		Boesky gave an infamous speech on the positive aspects of greed at the University of California, Berkeley in 1986 (where he said in part "I think greed is healthy.
	en.wikipedia.org /wiki/Ivan_Boesky (445 words)

	An analysis of prices, bid/ask spreads, and bid and ask
		Additionally, we find that Boesky's trading clearly had no adverse effect on bid and ask depths and, depending upon the level at which significance is judged, may even have had a positive effect on both bid and ask depth.
		Of Boesky's 366 transactions, 81 transactions (totaling 17,300 shares or about 1% of Boesky's purchases) were small, 241 transactions (totaling 692,400 shares or about 40% of Boesky's purchases) were medium, and 44 transactions (totaling 1,021,300 shares or about 59% of Boesky's purchases) were large.
		Similarly, Boesky's medium-trade variable for each hour is the total quantity of all of Boesky's medium-sized trades within that hour divided by the total Carnation trading volume for that hour.
	www.encyclopedia.com /doc/1G1-19773973.html (6171 words)

	Ivan Boesky
		By 1986, Ivan Boesky had become an arbitrageur who had amassed a fortune of about US$200 million by betting on corporate takeovers.
		Their downfall was prompted by the arrest for insider dealing of Ivan Boesky.
		Boesky has never recovered his reputation after doing a stint in jail, and paying hundreds of millions of dollars in fines and compensation for his Guinness role and a host of separate insider dealing scams.
	encyclopedia.stateuniversity.com /pages/10849/Ivan-Boesky.html (387 words)

	Ivan Boesky - MSN Encarta
		Ivan Frederick Boesky was born in Detroit and educated at the Detroit College of Law.
		Originally a tax accountant in Detroit, Boesky moved to the securities industry and to New York City in 1966.
		Convicted of securities fraud, Boesky agreed to act as a government informer in exchange for a less severe prison sentence.
	encarta.msn.com /encyclopedia_761576301/Ivan_Boesky.html (218 words)

	NewStandard: 11/15/96
		Ivan F. Boesky, the speculator in corporate takeovers, agreed on Nov. 14, 1986, to pay $100 million and cooperate with the Securities and Exchange Commission in a broad investigation of the crime known as insider trading.
		The Boesky agreement allowed the SEC to fire off subpoenas -- from Manhattan to Beverly Hills, Calif. -- which served as the beginning of the end for Michael Milken and his firm, Drexel Burnham Lambert Inc., then one of the most powerful investment banks in the country.
		Boesky really did was cheat by using illegally obtained secrets about impending mergers to buy and sell stock before the mergers became public knowledge.
	www.s-t.com /daily/11-96/11-15-96/a06bu037.htm (493 words)

	business@ugusta: Boesky now a cult figure 11/15/96
		The Boesky agreement allowed the SEC to fire off subpoenas - from Manhattan to Beverly Hills, Calif. - which served as the beginning of the end for Michael Milken and his firm, Drexel Burnham Lambert Inc., then one of the most powerful investment banks in the country.
		The biggest downfall that resulted from Boesky's cooperation was Milken, the former Drexel junk bond trader who pleaded guilty to six felony securities violations, paid more than $1 billion in fines and restitution and served two years in prison.
		Boesky's last major public appearance was three years ago in Manhattan federal court, where he was on the witness stand testifying for the SEC against the Posners, two powerful Florida corporate takeover artists.
	chronicle.augusta.com /stories/111696/boesky.html (764 words)

	Educate Yourself - Dow Jones Bergstresser Industrial Average
		Boesky was the son of a Detroit bar owner who had come to the Street in 1975.
		Boesky began to work some deals but he was building an empire built on tips more than doing his homework.
		Boesky later acquired a 10% position in Fischbach, allegedly at the behest of Michael Milken, and made a takeover declaration, opening the door to an eventual takeover by another Milken client.
	www.buyandhold.com /bh/en/education/history/2000/boesky.html (1265 words)

	Junk Bond, High Yield Bond
		He was engaged in stock parking and colluded with Boesky and others to manipulate the stocks of takeover targets.
		That was the day Federal prosecutors revealed that Ivan Boesky had pled guilty to charges of insider trading and agreed to pay a USD 100MM fine.
		Ivan Boesky was the son of a Russian immigrant who ran a number of seedy bars around Detroit.
	www.riskglossary.com /articles/junk_bond.htm (2133 words)

	KnoxNews: People
		If the name Boesky sounds familiar, it should: She is the ex-wife of Ivan Boesky, the notorious Wall Street figure who became a household name in the 1980s after paying $100 million to settle insider-trading charges and serving two years in prison.
		Ivan and Seema Boesky divorced in 1993 after being married for 30 years.
		It was a messy divorce, and Ivan Boesky surrendered his Westchester mansion and a Park Avenue penthouse to his ex-wife.
	www.knoxnews.com /kns/people/article/0,1406,KNS_313_4686701,00.html (613 words)

	Ivan Boesky - A Golden Opportunity, White-collar Crime, Michael Milken, The Junk Bond King, The Symbol Of Greed
		Ivan Boesky worked in the fast-paced, high stakes world of Wall Street investing during the suddenly lucrative years of the 1980s.
		Boesky, however, became involved in a financial scam using "insider trading"; (buying and selling stocks based on information not available to the general public), amounting to billions of dollars.
		Boesky was caught and put on trial, and the country was shocked by the extent of stock related thefts revealed during the government's investigation of Boesky and other financiers.
	law.jrank.org /pages/12165/Boesky-Ivan.html (446 words)

	Ivan III - Encyclopedia.com
		Ivan III or Ivan the Great, 1440-1505, grand duke of Moscow (1462-1505), creator of the consolidated Muscovite (Russian) state.
		Ivan was succeeded by his son, Vasily III.
		He is survived by his two sons, Walter Ivan Lindenberg IV, Gregory Charles Lindenberg, both of Medina, his parents, Walter Ivan II and Betty Lindenberg of Simpsonville...
	www.encyclopedia.com /doc/1E1-Ivan3.html (1085 words)

	READINGS 4
		Boesky, bom into a family of modest means, moved to New York City when, as a young lawyer, he was turned down for jobs by Detroit's top law firms.
		Relying on this "insider's information," and before it became public, Boesky would buy up the stock of the companies on' the stock market, in effect buying the stock from stockholders who did not realize that their companies were about to be purchased for much more than the current stock market price.
		Boesky say he vacillated between "being loud, and harsh and aggressive, to melliflously soft-spoken, charming and courtly." He was also fiendish about his pursuit of information.
	bear.cba.ufl.edu /hoch/bul4443fall2004/readings_4.htm (3607 words)

	Foolish Feature, 10/17/97: 1987 Revisited -- 1987 Timeline
		Ivan Boesky pleads guilty to conspiracy to lie to the government.
		Boesky is released without bail and his sentencing is scheduled for August 21.
		With Milken, Boesky, Siegel, and Freeman all were pulled into court, this was a strike at the elite of arbitrage and mergers and acquisitions.
	www.fool.com /Features/1997/sp971017CrashAnniversary1987Timeline.htm (3599 words)

	Memo, 10-9-91; Trial by Press
		Boesky told the feds Milken was his source, and Stewart, of course stunned that his pal Boesky turned out to be a crook, easily believed Milken was the evil genius who led Boesky astray.
		Boesky, by contrast, now a free man, is viewed as merely a pawn of the Master.
		Stewart knew Ivan Boesky, knew he was a schemer and a plotter, like J.R. Ewing and Gordon Gekko, and found to his dismay that Boesky was also a criminal.
	www.polyconomics.com /searchbase/10-9-91.html (5773 words)

	Ivan-owe
		In the interim, Boesky pleaded guilty to one count of securities fraud and spent three years in the slammer.
		Boesky’s stock manipulation put $19 million in his pocket and inflicted a $217.6 million dent in the company cash flow.
		The company claimed that Boesky’s "illegal activities" forced it to redeem its old stock at an artificially high price and that Boesky benefited to the tune of $19 million from the insider information.
	www.citypaper.net /articles/112201/news.ivan.shtml (1221 words)

	Paint by Big Numbers - Portfolio.com
		Boesky’s career was riding on this opening—she’d sold her apartment and some of her best art to make it happen.
		Boesky knows that nothing can be more damaging to a young career than bad post-sale buzz, so she immediately gets to work burnishing Furnas’ image.
		Boesky has to be relieved that the Ovitz tiff is behind her—the art business is tough enough without feuding with rich and acquisitive collectors.
	www.portfolio.com /culture-lifestyle/culture-inc/arts/2007/04/16/Paint-by-Big-Numbers?page=2 (2455 words)

	This Day in History
		Boesky testified that he had gained his $200 million fortune using illegal inside information about impending mergers to trade stock in the companies involved.
		Boesky's testimony brought Milken and Drexel Burnham Lambert, an investment banking company, to justice for their participation in the illegal schemes.
		Despite his cooperation with the authorities, Ivan Boesky was demonized as a national symbol of greed and an example of the dangers of `80s-era excess.
	www.historychannel.com /tdih/tdih.jsp?category=crime&month=10272963&day=10272979 (289 words)

	Ivan Boesky - Search Results - MSN Encarta
		Ivan Boesky - Search Results - MSN Encarta
		Boesky, Ivan Frederick, born in 1937, American financier.
		Ivan Frederick Boesky (born March 6, 1937, in Detroit) was notable for his prominent role in a Wall Street insider trading scandal that occurred in the United States in the mid...
	encarta.msn.com /Ivan_Boesky.html (224 words)

	Ivan Boesky: termpaperslist.com - term papers, research papers, essays
		Ivan Pavlov Ivan Pavlov was born in Russia in a small village, to a family that hoped he would become a priest (Babkin, 1949, PBS).Ivan's family and friends appear to be ordinary people that we could encounter on any given day.
		However, in 1547 Ivan became tsar,erected in memory of Ivan the Terrible (russianet).
		In 1591 the youngest son of Ivan the Terrible died inexplicably (russianet).
	www.termpaperslist.com /term-papers/1517/ivan-boesky.html (264 words)

	Commentary Magazine - Den of Thieves, by James B. Stewart (Site not responding. Last check: )
		Following Ivan Boesky's guilty plea to insider trading in November 1986, articles began to appear in the Wall Street Journal under the bylines of James B. Stewart and Daniel Hertzberg which, over the next several years, created the impression of rampant criminality on Wall Street.
		...The investigation was proceeding with the aid of Boesky himself, who had agreed to have his phones tapped and to be wired for sound...
		...As for Boesky, by the time of the hearing he had proved to be such an unreliable witness that the government did not dare call him to testify...
	www.commentarymagazine.com /Summaries/V93I3P56-1.htm (2084 words)

	Michael Milken
		It was with Ivan Boesky, the Wall Street arbitrageur, who had admitted using stolen information to make over a $100 million.
		What Boesky offered to give in return for this leniency was, among other things, information about the secret dealings of a reclusive financier in Los Angeles-- Michael Robert Milken.
		Even as Giuliani hammered out the final terms of this bargain with Boesky, Milken, on the telephone in his trading room in Beverly Hills, was lining up some $20 billion in financing for raids on such corporate behemoths as US Steel, Gillette, and Trans World Corporation.
	edwardjayepstein.com /archived/milken.htm (1656 words)

	News Weekly and Stock Market Commentary about Finance, Headline News and Wall Street
		Boesky was the son of a Detroit bar owner who had come to the
		Boesky began to work some deals but he was building an empire
		Ivan was allowed to unload his holdings before his indictment was
	www.stocksandnews.com /searchresults.asp?Id=436&adate=1/14/2000 (940 words)

	Dennis Levine - Wikipedia, the free encyclopedia
		As a managing director at Drexel Burnham Lambert, he was charged with insider trading by then U.S Attorney Rudy Giuliani, eventually leading investigators to the arrest of Ivan Boesky.
		Well known market participants were soon caught up in the investigations, including investment banker Martin Siegel of Kidder Peabody, arbitrager Robert Freeman of Goldman Sachs and arbitrageur Ivan Boesky.
		Eventually the investigations led to Michael Milken who was at the center of the junk bond universe.
	en.wikipedia.org /wiki/Dennis_Levine (404 words)

	Israpundit: Abramoff is to K Street as Boesky was to Wall Street
		I had professional dealings with Boesky during his meteoric rise to fame as the author of “merger mania” on Wall Street during the mid 1980’s.
		At one point Boesky was on the cover of Time Magazine and was even head of the investment banking division of the New York United Jewish Appeal.
		Boesky also went through a religious conversion-not unlike many of the convicted Watergate Nixon White House crew - and came out with a beard, long hair and lugging a Torah that he traveled the world with as a talisman to gain eternal forgiveness from Ha Shem for his excesses.
	www.israpundit.com /archives/2006/01/abramoff_is_to.php (1366 words)

	This Day in History 1986: Ivan Boesky confesses to illegal stock trading activity
		Boesky testified that he had gained his $200 million fortune using illegal inside information about impending mergers to trade stock in the companies involved.
		Boesky's testimony brought Milken and Drexel Burnham Lambert, an investment banking company, to justice for their participation in the illegal schemes.
		Despite his cooperation with the authorities, Ivan Boesky was demonized as a national symbol of greed and an example of the dangers of `80s-era excess.
	www.history.com /this-day-in-history.do?action=tdihArticleYear&id=1188 (371 words)

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