Prosecution of Michael Milken
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Stein’s column is a real analysis of the misery brought on thousands of workers who lost their jobs and careers through leveraged buyouts.
Corporations are fulfilling their interest of making money on Wall Street with LBOs and have lost their interest in furthering research, development, and production--the key resources for perpetual economic growth of a country. The domino effect has already turned off students from getting an “unprospective” higher education. Universities are responding by reducing these faculties. No wonder we are falling behind in higher education, basic research, and technology--redundant in the LBO environment.
SATISH K. SRIVASTAVA
Rowland Heights
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