Business
Do you remember back to the 80’s and the corporate raiders? The Michael Douglas portrayal of Gordon Gekko, made famous in the 1988 Oliver Stone movie “Wall Street”, was symbolic of the real life “Barbarians at the Gate”, describing people like Henry Kravitz, Carl Icahn, Michael Milken, T. Boone Pickens, etc. They used a lot of other people’s money (hence the “leveraged” in the term LBO) to acquire companies – many of which were mismanaged, bloated, vulnerable, undervalued or all of the above. Milken, in particular, created mountains of capital available for investment that allowed for new frontiers of success and innovation.