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Notes
Milken pleaded guilty to six felony charges and was sentenced to 10 years in jail, which was later reduced to 22 months, paid $600 million in fines and penalties, and was banned for life from the securities industry. Joseph was not charged with any crimes, but was banned from the securities industry for two years for failing to ensure that Milken’s junk bond department complied with the securities laws.
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von Meyerinck, F. Ira M. Millstein: The activist director—lessons from the boardroom and the future of the corporation. Financ Mark Portf Manag 31, 393–395 (2017). https://doi.org/10.1007/s11408-017-0294-z
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DOI: https://doi.org/10.1007/s11408-017-0294-z