What Will Pardoned Financier Michael Milken Do Now?

Now that financier Michael Milken has received a pardon from President Donald Trump that wipes clear his 1989 conviction on conspiracy and fraud charges, can we expect that the man who helped popularize the “greed is good” ethos of the 1980s will return to billion-dollar deal-making? Apparently not. Several insiders told TheWrap that Milken shows no signs of jumping back into the business fray post-pardon. Milken, who this week returned from a trip to South Africa to explore expanding the availability of advanced medical therapies, instead remains focused on philanthropic projects such as funding cancer research, education and improving distressed communities. “He has absolutely no interest in or plans to return to a financial business,” Milken’s senior adviser Geoffrey Moore told TheWrap. “He will not give up on his lifetime crusade to find cures for cancer and other life-threatening diseases until those health threats are defeated. He works around the clock through multiple nonprofit organizations to address the world’s greatest challenges in the fields of medical research, education and public health.” Also Read: Who Would Buy Bloomberg Media if Bloomberg Becomes President - and for How Much? Eric Schiffer, CEO of The Patriarch Organization and chairman of Reputation Management Consultants,...

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