Listen Live
Donate
 on air
    Schedule

    KCRW

    Read & Explore

    • News
    • Entertainment
    • Food
    • Culture
    • Events

    Listen

    • Live Radio
    • Music
    • Podcasts
    • Full Schedule

    Information

    • About
    • Careers
    • Help / FAQ
    • Newsletters
    • Contact

    Support

    • Become a Member
    • Become a VIP
    • Ways to Give
    • Shop
    • Member Perks

    Become a Member

    Donate to KCRW to support this cultural hub for music discovery, in-depth journalism, community storytelling, and free events. You'll become a KCRW Member and get a year of exclusive benefits.

    DonateGive Monthly

    Copyright 2026 KCRW. All rights reserved.

    Report a Bug|Privacy Policy|Terms of Service|
    Cookie Policy
    |FCC Public Files|

    Back to Press Play with Madeleine Brand

    Press Play with Madeleine Brand

    How Michael Milken turned his life around after going to prison

    Michael Milken was known as the “the junk bond king” of Wall Street. He inspired Michael Douglas’ character, Gordon Gecko, in the 1987 film “Wall Street.” But in the 1990s, Milken pleaded guilty to a slew of financial crimes.

    • rss
    • apple-podcasts
    • spotify
    • Share
    By Madeleine Brand • Feb 19, 2020 • 1 min read

    Michael Milken was known as the “the junk bond king” of Wall Street. He inspired Michael Douglas’ character, Gordon Gecko, in the 1987 film “Wall Street.” But in the 1990s, Milken pleaded guilty to a slew of financial crimes. After hundreds of millions in fines and about two years in prison, Milken became a major philanthropist. He has funded cancer and public health research and opened a nonprofit. On Tuesday, President Trump granted Milken a presidential pardon.

    The full episode

    2 of 5
    ‘Gay Like Me’
    1. 0:00The drop in white collar crime prosecutions, and Justice Department priorities
    2. 9:17How Michael Milken turned his life around after going to prisonYou’re reading this
    3. 17:32Richie Jackson: It’s tougher to be gay in Trump era than 1980s
    4. 32:17Remembering civil rights activist Bayard Rustin
    5. 42:38Microsoft wants to go carbon negative. What does that mean?
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Madeleine Brand

      Host, 'Press Play'

    • KCRW placeholder

      Sarah Sweeney

      Vice President of Talk Programming, KCRW

    • KCRW placeholder

      Michell Eloy

      Former Producer/Line Editor, Press Play

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Amy Ta

      Digital News & Culture Editor

    • KCRW placeholder

      James B. Stewart

      columnist for the New York Times

      NewsNational

    The full episode

    2 of 5
    ‘Gay Like Me’
    1. 0:00The drop in white collar crime prosecutions, and Justice Department priorities
    2. 9:17How Michael Milken turned his life around after going to prisonYou’re reading this
    3. 17:32Richie Jackson: It’s tougher to be gay in Trump era than 1980s
    4. 32:17Remembering civil rights activist Bayard Rustin
    5. 42:38Microsoft wants to go carbon negative. What does that mean?
    Back to Press Play with Madeleine Brand