Ex-MGM/UA chief is back to investment banking at Donaldson, Lufkin & Jenrette.Ex-MGM/UA chief is back to investment banking at Donaldson, Lufkin & Jenrette Jeffrey C. Barbakow, the movie-industry banker from Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. who became chairman, president and chief executive at MGM/UA Communications Co. in 1988 under owner Kirk Kerkorian Kerkor "Kirk" Kerkorian (Armenian: Քըրք Քըրքորյան) (born June 6, 1917) is an American billionaire, and president/CEO of Tracinda Corporation, his private holding , has returned to the fold of investment bankers in the Century City offices of Donaldson, Lufkin & Jenrette. Barbakow, who engineered the sale of MGM/UA to Giancarlo Parretti's Pathe Communications last year, was not speaking to the press last week. Barbakow made about $34 million for his work at MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. . His new role at Donaldson, Lufkin & Jenrette is still undefined, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a senior director there, although he already has his own office and secretary. For Donaldson, Lufkin, the acquisition of Barbakow is quite a coup. The firm now has nearly 30 corporate finance bankers in Los Angeles which (with the demise of Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. ) makes it the largest investment banking shop in Los Angeles. "We will be very active in the middle market - in fact, we are already. It's hard finding enough time to go home and sleep," said Ken Moelis, managing director at Donaldson, Lufkin. PHOTO : Earned $34 million at MGM |
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