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Drexel Burnham Lambert
COMPANY
Drexel Firestone (formerly Drexel Harriman Ripley) merged with Burnham in 1973, becoming Drexel Burnham. It later received a major investment in 1976 from Groupe Bruxelles Lambert, causing a name change. Drexel Burnham Lambert, implementing the ideas of Michael Milken, created a stunning market in junk bonds where once there was none. Declared bankruptcy in 1990.
Industry: Investment Banking
Corporate headquarters: New York City
EXECUTIVES
EMPLOYMENT
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