LABJ forum.Fair Treatment of Milken? Since being released from prison and paying a billion-dollar fine, financier Michael Milken Michael Milken As an executive at Drexel Burnham Lambert Inc. during the 1980s, Milken used high-yield junk bonds for financing and corporate takeovers. While his personal wealth was enormous, he spent two years in prison after pleading guilty to charges of securities fraud. has spent a great deal of time burnishing burnishing /bur·nish·ing/ (bur´nish-ing) a dental procedure somewhat related to polishing and abrading. burnishing, n his image with a host of philanthropic activities, most notably to support prostate cancer research. But despite Milken's philanthropic largess lar·gess also lar·gesse n. 1. a. Liberality in bestowing gifts, especially in a lofty or condescending manner. b. Money or gifts bestowed. 2. Generosity of spirit or attitude. , former President Bill Clinton chose not to pardon him this month. To some, the decision seemed unfair in light of pardons given out to Susan Rosenberg of the Weather Underground, fugitive financier Marc Rich and ex-Arizona governor J. Fife Symington III John Fife Symington III (born August 12, 1945 in New York City) was the Republican governor of the U.S. state of Arizona from 1991 until his resignation in 1997. Background , who was facing a retrial retrial n. a new trial granted upon the motion of the losing party, based on obvious error, bias or newly-discovered evidence. (See: newly-discovered evidence) on charges of real estate fraud. Though many influential business and political figures supported Milken's request for a pardon, strong opposition from the law enforcement and investment communities won out. The Business Journal asks: Do you think President Clinton should have pardoned Michael Milken? Shelley Magoffin President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dwyer-Curlett Inc. No, and when I read about it in the newspaper, my initial reaction was that he shouldn't have pardoned those other people either. They did wrong things. If he pardoned two out of three, he shouldn't have pardoned any of them. Why did those two get pardons? It's not so much that he should have pardoned Michael Milken, it's why did he pardon the other two? Don Murphy Director of Marketing Experiant I don't really have a strong feeling about it. He did break the law, but he has done a lot of positive things since then. I suppose in some ways he's paid his penance -- he spent time in jail and set up the Milken Institute, fighting injustice, and his organization for prostate cancer. To be honest, it really doesn't affect me. My opinions about Bill Clinton or Michael Milken would not be changed based on whether or not he was pardoned. John Piazza Public Relations Manager Sony Entertainment Robot America Obviously, somebody should be commended for all the charity work they've done, but it doesn't seem fair that someone of a certain economic stature would get preferential treatment. Bill Lear President Stingray stingray: see ray. stingray or whip-tailed ray Any of various species (family Dasyatidae) of rays noted for their slender, whiplike tail with barbed, usually venomous spines. Lighting No, the man was convicted. And once you're convicted, that should stand. I don't think that just because a President is at the end of his term, he should just pardon anybody. Charity work is a good thing, as long as it's not at somebody else's expense. But where did that money (Milken has given to charity) come from? You can give away all the money you want as long as you get it legally. I guess now he's kind of like Robin Hood in a sense. Andy Trincia Senior Vice President Rainmaker Rainmaker An employee of a brokerage firm who brings a large amount of wealthy individuals or corporations to the brokerage firm's client base. Notes: Rainmakers are usually compensated very well for their efforts (or connections). Interactive I think often times it's a good idea to pardon people. Milken has probably paid his dues. I don't know all the names All the Names (Portuguese: Todos os nomes) is a novel by Portuguese author José Saramago. It was written in 1997 and published in English in 2000 in an award winning translation by Margaret Jull Costa. , but he's given a lot of his time and money to charitable organizations, specifically his cancer research funding. And I think that, of all Clinton's pardon candidates, Milken was one who particularly went above and beyond in giving back in many ways. The guy has definitely shown lie has a heart. (His crimes) also happened a long time ago, and though people don't always forget, I think in general it's good to forgive people. |
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