“Remember that Michael Milken (the junk bond king) in late 80’s received a $500 Million bonus. Drexel Burnham Lambert told WSJ that he generated $5 Billion in earnings that year and 10% of that was reasonable bonus. Thus Taylor referring to less than 10% of Axe Capital’s net earnings being reasonable was in line with Wall Street thinking”
MyLordandMyGod via Apple Podcasts ·
United States of America ·
07/16/23