Sandler: Drexel's settlement forced Milken's firing and barred employee contact
Richard Sandler · From Wall Street King to Federal Prison: Michael Milken's Story · Joe Lonsdale · Apr 24, 2026 · at 27:31
Richard Sandler, attorney and author of 'Witness to a Prosecution', discusses the terms under which Drexel Burnham Lambert settled with federal prosecutors during the 1980s Michael Milken investigation.
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“Part of the deal with the government was they had to get rid of Michael Milken Not only did they have to get rid of Michael Milken, but under the deal they made with the government, no employee of Drexel was allowed to discuss any business matter with Mike.”
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