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Learn about Author Central (Author) 4.0 out of 5 stars See all reviews ( 1 customer review ) 1 Review 5 star : (0) 4 star : (1) 3 star : (0) 2 star : (0) 1 star : (0) › See the customer review... List Price: $35.00 Price: $28.00 & this item ships for FREE with Super Saver Shipping . Details You Save: $7.00 (20%) o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o In Stock. Ships from and sold by Amazon.com . Gift-wrap available. Only 9 left in stock--order soon (more on the way). Want it delivered Thursday, December 16? Order it in the next , and choose One-Day Shipping at checkout. Details Ordering for Christmas? To ensure delivery by December 24, choose FREE Super Saver Shipping at checkout. Read more about holiday shipping . 18 new from $27.98 27 used from $14.93 Join Amazon Student and get FREE Two-Day Shipping for one year with Amazon Prime shipping benefits. Formats Amazon Price New from Used from Hardcover Hardcover $105.00 In Stock. Publisher: Columbia University Press Published: July 2004 $105.00 $89.25 $63.85 Paperback Paperback $28.00 In Stock. Publisher: Columbia University Press Published: August 15, 2004 $28.00 $27.98 $14.93 Sell This Book Back for $7.01 Whether you buy it used on Amazon for $14.93 or somewhere else, you can sell it back to our Textbook Buyback Store at the current price of $7.01 through December 31, 2010. 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Advertisement is not relevant to this page Advertisement is inappropriate There is a problem with the advertiser's website Other (please describe below) Comments Frequently Bought Together + + Price For All Three: $76.69 Show availability and shipping details Buy the selected items together This item: The Layers of Magazine Editing by Michael Robert Evans Paperback $28.00 The Editor in Chief: A Management Guide for Magazine Editors by Benton Rain Patterson Paperback $38.20 Editors on Editing: What Writers Need to Know About What Editors Do by Gerald C. Gross Paperback $10.49 Customers Who Bought This Item Also Bought Page of ( Start over ) Back The Editor in Chief: A Management Guide... by Benton Rain Patterson 5.0 out of 5 stars ( 1 ) $38.20 Editors on Editing: What Writers Need to Know... by Gerald C. Gross 4.6 out of 5 stars ( 10 ) $10.49 Art Direction and Editorial Design (Abrams... by Yolanda Zappaterra 5.0 out of 5 stars ( 2 ) $19.77 The Magazine from Cover to Cover by Sammye Johnson 5.0 out of 5 stars ( 1 ) $49.15 Magazine Editing by John Morrish 4.5 out of 5 stars ( 2 ) $43.51 The Visual Display of Quantitative Information... by Edward R. Tufte 4.3 out of 5 stars ( 84 ) $28.00 Next Editorial Reviews Review "The author's explicity expressed opinions are nicely tempered by the candid, but always constructive, comments from various contemporary editors." -- David Abrahamson and Nathan Eddy, Journalism & Mass Communication Editor Product Description Unlike the myriad writing manuals that emphasize grammar, sentence structure, and other skills necessary for entry-level editing jobs, this engaging book adopts a broader view, beginning with the larger topics of audience, mission, and tone, and working its way down, layer by layer, to the smaller questions of grammar and punctuation. Based on Michael Robert Evans's years of experience as an editor and supplemented with invaluable observations from the editors of more than sixty other magazines, including The Atlantic, Better Homes and Gardens, Ebony, Esquire, and National Geographic , this book reveals the people-oriented nature of the job. The book proceeds through three sections, or layers. "The Big Picture" discusses the process of conceptualizing a magazine and developing a clear mission for it, finding and understanding audiences, freedom of the press, and the ethics of editing. The next section, "The Big Questions," describes planning a magazine's issues and working with writers, ensuring that the articles make sense, their fit and tone, and reviewing their structure, leads, and conclusions. Finally, "The Small (but Important) Stuff" provides advice on fact checking, grammar, spelling, punctuation, and other proofreading matters. See all Editorial Reviews Product Details Paperback: 256 pages Publisher: Columbia University Press (August 15, 2004) Language: English ISBN-10: 0231128614 ISBN-13: 978-0231128612 Product Dimensions: 8.2 x 5.3 x 0.8 inches Shipping Weight: 14.4 ounces ( View shipping rates and policies ) Average Customer Review: 4.0 out of 5 stars See all reviews ( 1 customer review ) 1 Review 5 star : (0) 4 star : (1) 3 star : (0) 2 star : (0) 1 star : (0) › See the customer review... Amazon Bestsellers Rank: #533,158 in Books ( See Top 100 in Books ) Would you like to update product info , give feedback on images , or tell us about a lower price ? Customer Reviews 1 Review 5 star : (0) 4 star : (1) 3 star : (0) 2 star : (0) 1 star : (0) Average Customer Review 4.0 out of 5 stars ( 1 customer review ) Share your thoughts with other customers: Create your own review Most Helpful Customer Reviews 1 of 1 people found the following review helpful: 4.0 out of 5 stars Insightful Book , October 11, 2010 By Brian Howard - See all my reviews (REAL NAME) Amazon Verified Purchase ( What's this? ) This review is from: The Layers of Magazine Editing (Paperback) I found this book insightful and helpful, and I've been working in publishing for a decade. I appreciated the way it is organized, like peeling back layers of an onion. Some of the anecdotes are very interesting, and there are a lot of useful tips. I think where the book falls short is that it tends to be a little idealistic and a tad old fashioned. It doesn't deal enough with the rapid advances of technology or disruptive forces like the proliferation of blogs and social media. It also seems to be largely coming from a place of regional or medium-sized publications, with not as much thought given to the largest titles or very small titles that have to be very nimble and scrappy. Still, I would definitely recommend this book to anyone starting out, or thinking of pursuing, a career in magazines. Help other customers find the most helpful reviews Was this review helpful to you? Yes No Report abuse | Permalink Comment Comment Share your thoughts with other customers: Create your own review › See the customer review... 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Search Inside This Book: Inside This Book ( learn more ) Browse and search another edition of this book. First Sentence: So. A woman marches into the room and plunks $250,000 onto the table. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): ( learn more ) nut graf , rag right , magazine editing , fishing for marlin , continuous dream , deck head , pull quote , reader mail , article fit , renewal rate Key Phrases - Capitalized Phrases (CAPs): ( learn more ) National Geographic , Glowing Products , New York , United States , Men's Health , Cosmo Girl , Jeff Csatari , Ranger Rick , American Indian , Michael Bawaya , Naval History , Popular Science , Steve Spence , Consumer Reports , Endless Vacation , Four Tops , Nancy Greenfeather , Victor Navasky , Arch Rival High , Cheryl England , Karen Goldsmith , Leslie Heilbrunn , Margot Slade , Pain Points , Scott Meyer New! Books on Related Topics | Concordance | Text Stats Browse Sample Pages: Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me! Search Inside This Book: Citations ( learn more ) This book cites 22 books: On the Line: ESSAYS IN THE HISTORY OF AUTO WORK (Working Class in American History) by Nelson Lichtenstein on page 13 , page 50 , and page 318 Organic Gardening by Geoff Hamilton on page 57 , and page 100 The Three Bears by Cindy West on page 162 Associated Press Stylebook by Norm Goldstein in Back Matter Existential Journalism by John Calhoun Merrill in Back Matter See all 22 books this book cites Books on Related Topics ( learn more ) A Matter of Opinion by Victor S. Navasky Discusses: magazine editing renewal rate Victor Navasky A Matter of Opinion by Victor S. Navasky Discusses: magazine editing renewal rate Victor Navasky Loading... What Do Customers Ultimately Buy After Viewing This Item? 76% buy the item featured on this page: The Layers of Magazine Editing by Michael Robert Evans Paperback 4.0 out of 5 stars ( 1 ) $28.00 8% buy The Editor in Chief: A Management Guide for Magazine Editors by Benton Rain Patterson Paperback 5.0 out of 5 stars ( 1 ) $38.20 6% buy Art Direction and Editorial Design (Abrams Studio) by Yolanda Zappaterra Paperback 5.0 out of 5 stars ( 2 ) $19.77 6% buy Designing Magazines by Jandos Rothstein Paperback $21.64 › Explore similar items Tag this product ( What's this? ) Think of a tag as a keyword or label you consider is strongly related to this product. Tags will help all customers organize and find favorite items. › Explore product tags Search Products Tagged with See most popular tags Sell a Digital Version of This Book in the Kindle Store If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. 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Publisher: Columbia University Press Published: 7 Sep 2004 �22.80 �16.74 �23.62 Frequently Bought Together Customers buy this book with Magazine Editing: How to Develop and Manage a Successful Publication by John Morrish Paperback �16.57 + Price For Both: �39.37 Show availability and delivery details This item: The Layers of Magazine Editing by MR Evans Paperback Magazine Editing: How to Develop and Manage a Successful Publication by John Morrish Paperback Customers Who Bought This Item Also Bought Page of ( Start over ) Back Magazine Editing: How to Develop and Manage a Suc... by John Morrish 5.0 out of 5 stars ( 1 ) �16.57 The Magazines Handbook (Media Practice) by Jenny McKay 3.5 out of 5 stars ( 2 ) �20.89 Next Product details Paperback: 256 pages Publisher: Columbia University Press (7 Sep 2004) Language English ISBN-10: 0231128614 ISBN-13: 978-0231128612 Product Dimensions: 20.8 x 13.5 x 2 cm Average Customer Review: 5.0 out of 5 stars See all reviews ( 1 customer review ) 1 Review 5 star : (1) 4 star : (0) 3 star : (0) 2 star : (0) 1 star : (0) › See the customer review... 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Product Description Review "The author's explicity expressed opinions are nicely tempered by the candid, but always constructive, comments from various contemporary editors." -- David Abrahamson and Nathan Eddy, Journalism & Mass Communication Editor Product Description -- Peter Jacobi, University of Indiana, School of Journalism See all Product Description Inside This Book (Learn More ) Browse and search another edition of this book. First Sentence So. A woman marches into the room and plunks $250,000 onto the table.  Read the first page Explore More Concordance Browse Sample Pages Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover Search inside this book: Tags Customers Associate with This Product ( What's this? ) Click on a tag to find related items, discussions, and people. Check the boxes next to the tags you consider relevant or enter your own tags in the field below what editors do (1) Your tags: Add your first tag Search Products Tagged with See most popular tags Sell a Digital Version of This Book in the Kindle Store If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more What Do Customers Ultimately Buy After Viewing This Item? 64% buy the item featured on this page: The Layers of Magazine Editing by MR Evans Paperback 5.0 out of 5 stars ( 1 ) �22.80 36% buy Magazine Editing: How to Develop and Manage a Successful Publication by John Morrish Paperback 5.0 out of 5 stars ( 1 ) �16.57 › Explore similar items Customer Reviews 1 Review 5 star : (1) 4 star : (0) 3 star : (0) 2 star : (0) 1 star : (0) Average Customer Review 5.0 out of 5 stars ( 1 customer review ) Share your thoughts with other customers: Create your own review Most Helpful Customer Reviews 5.0 out of 5 stars This book saved me , 2 Mar 2009 By J. R. Szmigin "Jan" (Worcester, UK) - See all my reviews (REAL NAME) This review is from: The Layers of Magazine Editing (Paperback) This is a true story. The editor of a magazine I publish, gave notice they were going to quit. For various reasons I could not find a replacement easily, time was running out, and it dawned on me that my only option was to become the editor myself, but I had never done it before (I had been looking after the accounting and admin!). I ordered this book, and started to read, taking copious notes, letting each chapter sink in, and re-reading the tough bits. I must admit that, at the time, I was terrified. Yet, armed with the knowledge from this book, I did take the reins at the editor's desk, even though some people then gave me only three months before I'd give up. Now, eighteen months later, I have been publishing my 44-page financial magazine month-in, month-out without any problems. Of course, there are things you learn on the job, but mainly things specific to your own readers, while the lessons learned from the book have always remained relevant. Help other customers find the most helpful reviews Was this review helpful to you? 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[ 2 ] Milken was indicted on 98 counts of racketeering and securities fraud in 1989 as the result of an insider trading investigation. After a plea bargain , he pled guilty to six securities and reporting violations but was never convicted of racketeering or insider trading. Milken was sentenced to ten years in prison and permanently barred from the securities industry by the Securities and Exchange Commission . After the presiding judge reduced his sentence for cooperating with testimony against his former colleagues and good behavior, he was released after less than two years. [ 3 ] His critics cited him as the epitome of Wall Street greed during the 1980s, and nicknamed him the Junk Bond King . Supporters, like George Gilder in his book, Telecosm , note that "Milken was a key source of the organizational changes that have impelled economic growth over the last twenty years. Most striking was the productivity surge in capital, as Milken … and others took the vast sums trapped in old-line businesses and put them back into the markets." Milken has also been engaged in philanthropic activities since the early 1980s. He is co-founder of the Milken Family Foundation, chairman of the Milken Institute , and founder of medical philanthropies funding research into melanoma , cancer and other life-threatening diseases. In a November 2004 cover article, Fortune magazine called him "The Man Who Changed Medicine" for his positive influence on medical research. [ 4 ] With an estimated net worth of around $2 billion as of 2010, he is ranked by Forbes magazine as the 488th richest person in the world . [ 1 ] Contents 1 Education 2 Career 2.1 The high-yield market and the 1980s buyout boom 3 Scandal 3.1 Ivan Boesky and an intensifying investigation 3.2 Indictment and sentencing 4 Prostate cancer 5 Philanthropic activities 6 Cultural references 7 See also 8 Notes and references 9 Further reading [ edit ] Education Milken was born in Encino, California . He graduated from Birmingham High School , where his classmates included actresses Sally Field and Cindy Williams . Milken is a 1968 University of California, Berkeley graduate with a B.S. with highest honors, and was elected Phi Beta Kappa and was a member of the Sigma Alpha Mu fraternity [ 5 ] ). He received his MBA from the Wharton School at the University of Pennsylvania . While at Wharton, he was influenced by credit studies authored by W. Braddock Hickman , a former president of the Federal Reserve Bank of Cleveland , who noted that a portfolio of non-investment grade bonds offered "risk-adjusted" returns greater than that of an investment grade portfolio. [ edit ] Career Through his Wharton professors, Milken landed a summer job at Drexel Harriman Ripley, an old-line investment bank, in 1969. After completing his MBA, he joined Drexel (by then known as Drexel Firestone) as director of low-grade bond research. He was also given some capital and permitted to trade. According to legend, he was so devoted to his work that he wore a miner's headlamp while commuting on the bus so that he could read company prospectuses. Drexel merged with Burnham and Company in 1973 to form Drexel Burnham and Company, with Milken as one of the few prominent holdovers from the Drexel side of the merger. He persuaded his new boss, Tubby Burnham (a fellow Wharton alumnus), to let him start a high-yield bond trading department—an operation that soon earned a remarkable 100% return on investment . [ 6 ] By 1976, Milken's income at what was at the time Drexel Burnham Lambert was estimated at $5 million a year. One weekend in 1978, Milken moved the high-yield bond operation to Century City in Los Angeles. The transition went so smoothly that many clients were unaware that the department had moved between Friday and Monday. Later, the operation moved to Beverly Hills at 9560 Wilshire Boulevard . On the fourth floor, he set up an X-shaped trading desk—designed to maximize his contact with traders and salesmen—from which he worked very long hours, invariably starting his day before 5 am Pacific (8 am Eastern , prior to the opening of the markets in New York). The department grew and, in 1986-87, moved up to the fifth floor, where there were eventually three of the famous X-shaped trading desks. [ edit ] The high-yield market and the 1980s buyout boom History of private equity and venture capital Early history (Origins of modern private equity) • The 1980s (LBO boom) • The 1990s (LBO bust and the VC bubble) • The 2000s (Dot-com bubble to the credit crunch)   v   •   d   •   e   See also: Private equity in the 1980s By the mid-1980s, Milken's network of high-yield bond buyers (notably Fred Carr's Executive Life Insurance Company and Tom Spiegel's Columbia Savings & Loan) had reached a size which enabled him to raise large amounts of money very quickly. Both these buyers subsequently failed as a result of their junk bond investments. It was said, for example, that Milken raised $1 billion for MCI Communications , then an upstart provider of long-distance telephone services, in the space of one hour on the telephone. Cable TV companies like John Malone 's Tele-Communications Inc. , were also favorite clients, as were Ted Turner 's maverick Turner Broadcasting , cellphone pioneer Craig McCaw , and casino entrepreneur Steve Wynn , and before long the CEOs and CFOs of many smaller and mid-sized companies previously limited to the slow and expensive private-placement market were making early-morning pilgrimages to Beverly Hills seeking to issue high-yield and/or convertible bonds through Drexel Burnham. Without question, many leading entrepreneurs of the 1980s owe their success at least partly to Milken's perception of this market opportunity. One of his favorite sayings: "There is no shortage of capital; there is only a shortage of management talent". Milken was largely involved with kick-starting investments in Nevada, which for many years was the fastest-growing state in the U.S. Milken funded the gaming industry, newspapers and homebuilders, and among the companies he financed were MGM Mirage, Mandalay Resorts, Harrah's Entertainment and Park Place. This money-raising ability also facilitated the activities of leveraged buyout (LBO) firms like Kohlberg Kravis Roberts and of so-called " greenmailers ." Armed with a " highly confident letter " from Drexel (in which Drexel promised to get the necessary debt in time to fulfill the buyer's obligations), these firms and greenmailers were able to profit by merely threatening LBOs of large, blue-chip companies in which they had built up equity positions. Milken's task was perhaps made easier by the fact that the top-tier Wall St investment banks were unwilling to compete with him for fear of jeopardizing their longstanding and lucrative relationships with many of these blue-chip companies who were potentially his targets, although latterly companies like Salomon Brothers , Morgan Stanley and First Boston did enter the high-yield market. Notable buyouts financed by Drexel of companies previously thought invulnerable included Beatrice Companies and the cosmetics firm, Revlon . Amongst his significant detractors have been Martin Fridson formerly of Merrill Lynch and author Ben Stein . Milken's high-yield "pioneer" status has proved dubious as studies show "original issue" high-yield issues were common during and after the Great Depression . Others such as Stanford Phelps , an early co-associate and rival at Drexel, have also contested his credit as pioneering the modern high-yield market. This is, however, quibbling, as Drexel was for all intents and purposes unchallenged as essentially the only underwriter and trader of high-yield bonds throughout almost the entire decade of the 1980s. Despite his influence in the financial world (at least one source called him the most powerful American financier since J.P. Morgan ), [ 7 ] Milken was an intensely private man who shunned publicity. Hence, citing the power behind the most aggressive firm on Wall Street, Drexel bankers often said "Michael says ..." to justify their tactics. [ 6 ] [ edit ] Scandal Dan Stone, a former Drexel executive, wrote in his book, April Fools, that Milken was under nearly-constant scrutiny from the Securities and Exchange Commission from 1979 onward due to unethical and sometimes illegal behavior in the high-yield department. [ 7 ] His own role in such behavior has been much debated. Stone claims that Milken viewed the securities laws, rules and regulations with a degree of contempt, feeling they hindered the free flow of trade. However, Stone said that while Milken condoned questionable and illegal acts by his colleagues, Milken himself personally followed the rules. [ 7 ] He often called Drexel's president and CEO, Fred Joseph —known for his strict view of the securities laws—with ethical questions. [ 6 ] On the other hand, several of the sources James B. Stewart used for Den of Thieves told him that Milken often tried to get a higher markup on trades than was permitted at the time. Harvey A. Silverglate , a prominent defense attorney who has represented Milken during the appellate process, disputes that view in his book Three Felonies a Day : “Milken’s biggest problem was that some of his most ingenious but entirely lawful maneuvers were viewed, by those who initially did not understand them, as felonious, precisely because they were novel – and often extremely profitable.” [ 8 ] [ edit ] Ivan Boesky and an intensifying investigation The SEC inquiries never got beyond the investigation phase until 1986, when arbitrageur Ivan Boesky pleaded guilty to securities fraud as part of a larger insider trading investigation. As part of his plea, Boesky purported to implicate Milken in several illegal transactions, including insider trading, stock manipulation , fraud and stock parking (buying stocks for the benefit of another). This led to an SEC probe of Drexel, as well as a separate criminal probe by Rudy Giuliani , then United States Attorney for the Southern District of New York . Although both investigations were almost entirely focused on Milken's department, Milken refused to talk with Drexel (which launched its own internal investigation) except through his lawyers. [ 6 ] [ 7 ] For two years, Drexel insisted that nothing illegal occurred, even when the SEC formally sued Drexel in 1988. Later that year, Giuliani began seriously considering an indictment of Drexel under the powerful Racketeer Influenced and Corrupt Organizations Act , which he had previously used against organized crime. Drexel management immediately began plea bargain talks, concluding that no financial institution could survive a RICO indictment. However, talks collapsed on December 19 when Giuliani made several demands that Drexel found too harsh, including one that Milken leave the firm if indicted. [ 7 ] Only a day later, however, Drexel lawyers discovered suspicious activity in one of the limited partnerships Milken set up to allow members of his department to make their own investments. That entity, MacPherson Partners , had acquired several warrants for the stock of Storer Broadcasting in 1985. At the time, Kohlberg Kravis Roberts was in the midst of a leveraged buyout of Storer, and Drexel was lead underwriter for the bonds being issued. One of Drexel's other clients bought several Storer warrants and sold them back to the high-yield bond department. The department in turn sold them to MacPherson. This partnership included Milken, other Drexel executives, and a few Drexel customers. However, it also included several managers of money funds who had worked with Milken in the past. It appeared that the money managers bought the warrants for themselves and didn't offer the same opportunity to the funds they managed. [ 7 ] Some of Milken's children also got warrants, according to Stewart, raising the appearance of Milken self-dealing. However, the warrants to money managers were especially problematic. At the very least, Milken's actions were a serious breach of Drexel's internal regulations, and the money managers had breached their fiduciary duty to their clients. At worst, the warrants could have been construed as bribes to the money managers to influence decisions they made for their funds (and indeed, several money managers were eventually convicted on bribery charges). The discovery of MacPherson Partners—whose very existence had not been known to the public at the time—seriously eroded Milken's credibility with the board. On December 21, 1988, Drexel pleaded nolo contendere to six counts of stock parking and stock manipulation, and agreed that Milken had to leave the firm if indicted. [ 6 ] [ 7 ] [ edit ] Indictment and sentencing In March 1989, a federal grand jury indicted Milken on 98 counts of racketeering and fraud. The indictment accused Milken of a litany of misconduct, including insider trading, the concealment of the real owner of a stock, a practice known as stock parking, tax evasion and numerous instances of repayment of illicit profits. The most intriguing charge was that Boesky paid Drexel $5.3 million in 1986 for Milken's share of profits from illegal trading. This payment was represented as a consulting fee to Drexel. Shortly afterward, Milken resigned from Drexel and formed his own firm, International Capital Access Group. [ 6 ] [ 7 ] This was one of the first times RICO was used against an individual with no ties to organized crime . Milken originally planned to fight the charges against him, hiring one of Ronald Reagan 's former campaign aides, Linda Goodson Robinson (the wife of American Express president James Robinson ) to launch a public relations campaign prior to the trial. Milken and other Drexel figures hired Edward Bennett Williams as their attorney. Williams was well known for representing Watergate figures as well as major Mafia figures including Frank Costello . After Williams died of cancer, Milken's handlers hired various other attorneys and his case became more difficult. On April 24, 1990, Milken pleaded guilty to six counts of securities and tax violations. [ 1 ] Three of them involved dealings with Ivan Boesky to conceal the real owner of a stock. [ 8 ] Aiding and abetting another person's failure to file an accurate 13d statement with the SEC since the schedule was not amended to reflect an understanding that any loss would be made up. Sending confirmation slips through the mail that failed to disclose that a commission was included in the price. Aiding and abetting another in filing inaccurate broker-dealer reports with the SEC. Two other counts were related to tax evasion in transactions Milken carried out for a client of the firm, David Solomon, a fund manager. [ 8 ] Selling stock without disclosure of an understanding that the purchaser would not lose money. Agreeing to sell securities to a customer and to buy those securities back at a real loss to the customer, but with an understanding that he would try to find a future profitable transaction to make up for any losses. The last count was for conspiracy to commit these five violations. The estimated injury for all counts combined was by the judge's account $318,000 and by the US Probation Office's account $685,000. [ 9 ] As part of his plea, Milken agreed to pay $200 million in fines. At the same time, he agreed to a settlement with the SEC in which he paid $400 million to investors who had been hurt by his actions. He also accepted a lifetime ban from any involvement in the securities industry. In a related civil lawsuit against Drexel he agreed to pay $500 million to Drexel's investors. [ 10 ] [ 11 ] In total this means that he paid $1.1 billion for all lawsuits related to his actions while working at Drexel. Critics of the government charge that the government indicted Milken's brother Lowell in order to put pressure on Milken to settle, a tactic condemned as unethical by some legal scholars. "I am troubled by - and other scholars are troubled by - the notion of putting relatives on the bargaining table," said Vivian Berger, a professor at Columbia University Law School, in a 1990 interview with the New York Times . [ 12 ] As part of the deal, the case against Lowell was dropped. Federal investigators also questioned some of Milken's relatives—including his aging grandfather—about their investments. [ 6 ] At Milken's sentencing, Judge Kimba Wood told him: You were willing to commit only crimes that were unlikely to be detected.... When a man of your power in the financial world... repeatedly conspires to violate, and violates, securities and tax business in order to achieve more power and wealth for himself... a significant prison term is required. [ citation needed ] Wood recommended a 10-year prison sentence, of which, in her opinion, Milken should have to serve at least three years. On August 5, 1992 Judge Wood reduced the sentence to two years and Milken's total stay in prison was a little less than two years, from March 1991 until January 1993. [ edit ] Prostate cancer In January 1993, Milken received the results of a PSA test from a routine medical exam. Because prostate cancer is relatively rare for men in their 40s Milken's doctor didn't recommend the PSA test, he asked for it. The results came back with a level of 24 which is extremely high. Milken repeated the PSA test twice and a subsequent biopsy revealed advanced prostate cancer which had spread to his lymph nodes. At that time, doctors considered prostate cancer that advanced to indicate that a man had less than 2 years to live. Milken opted for prostatectomy but a subsequent test showed that the cancer had already spread to his lymph nodes. Milken started hormone therapy to shut down production of testosterone. Hormone therapy cut his PSA over the course of several months to zero. He also opted to have radiation therapy. Subsequent scans showed the swelling in his lymph nodes had disappeared. Milken's cancer was in remission and still was in 2004 when he was profiled in Fortune. [ 2 ] [ 13 ] [ edit ] Philanthropic activities In 1982, Milken and his brother Lowell founded the Milken Family Foundation to support medical research and education. Through the Milken Educator Awards (founded in 1985), the MFF has awarded a total of more than $60 million to more than 2,400 teachers. Among the other initiatives of the Milken Family Foundation are the: Milken Institute, a non-profit, non-partisan economic think tank whose scholars publish research papers and conduct conferences on global and regional economies, human capital, demographics and capital markets. Each spring, the Institute hosts its Global Conference in Los Angeles; Milken Scholars, a program provides outstanding high school graduates with a commitment of four years of college financial assistance, counseling, volunteer opportunities and preparation for graduate studies; TAP: The System for Teacher and Student Advancement, a comprehensive research-based strategy to attract, develop, motivate and retain high quality teachers for America's schools; Mike's Math Club, a curriculum enrichment program that shows students in inner-city elementary schools that math is not only useful, but entertaining; Festival for Youth, a school-based community service program that engages students in yearlong service projects to help build vibrant communities; and the Milken Family Foundation Epilepsy Research Awards Program, which funds research to understand and conquer epilepsy; The Prostate Cancer Foundation works closely with Major League Baseball through its Home Run Challenge program to promote awareness of prostate cancer and raise money for medical research. Each season in the weeks leading up to Father's Day , Milken visits many ballparks and appears on TV and radio broadcasts during the games. Upon his release from prison in 1993, Milken founded the Prostate Cancer Foundation for prostate cancer research. Milken himself was diagnosed with advanced prostate cancer in the same month he was released from the prison. His cancer is currently in remission. In 2003, Milken launched the Washington, D.C.-based think tank called FasterCures, which seeks greater efficiency in researching all serious diseases. A key initiative of FasterCures is Biobank Central , which is advancing life sciences research in areas as diverse as autism, psoriasis and breast cancer. The Melanoma Research Alliance (MRA) was launched in 2007 to support innovative translational studies that advance the diagnosis, staging and treatment of melanoma, the deadliest skin cancer. Fortune magazine called him "The Man Who Changed Medicine" in a 2004 cover story on his philanthropy. [ 2 ] [ edit ] Cultural references In the episode "Future Stock" of the television show Futurama the main character Fry meets Steve Castle, also known as "That Guy" in a Cryogenic Support Group. That Guy stands up, introduces himself to the support group and says, "Back in the 1980's I was the toast of Wall Street. I was having whiskey with Boesky and cookies with Milken. But then, I was diagnosed with terminal boneitis.... There was no cure at the time. One drug company was close but I arranged a hostile takeover and sold off all the assets. Made a cool hundred mil. Naturally I froze myself until a cure was found. Now here I am, ready to sleaze my way back to the top, 80's style!" [ citation needed ] He is mentioned in the episode "Rat Pack" of the television show The Sopranos . FBI Agent Sanseverino reveals to the character Adriana La Cerva that she had previously been married, but that her marriage ended when her husband, an agent himself, moved away to join the "Milken Task Force". [ citation needed ] [ edit ] See also Milken Family Foundation Milken Institute [ edit ] Notes and references ^ a b c "The World's Billionaires: #488 Michael Milken" . Forbes.com. 2010-10-03 . http://www.forbes.com/lists/2010/10/billionaires-2010_Michael-Milken_SSM6.html . Retrieved 2010-12-13 .   ^ a b c Daniels, Cora (2004-11-29). "The Man Who Changed Medicine" . Fortune (Time Inc.) . http://money.cnn.com/magazines/fortune/fortune_archive/2004/11/29/8192713/index.htm . Retrieved 2009-07-28 .   ^ http://www.time.com/time/magazine/article/0,9171,976246,00.html Time Magazine article on his early release from prison, dated August 17, 1992 ^ Daniels, Cora (November 29, 2004). "The Man Who Changed Medicine" . CNN . http://money.cnn.com/magazines/fortune/fortune_archive/2004/11/29/8192713/index.htm .   ^ UC Berkeley Inter-Fraternity Council: Sigma Alpha Mu ^ a b c d e f g Kornbluth, Jesse (1992). Highly Confident: The Crime and Punishment of Michael Milken . New York City: William Morrow and Company . ISBN   0688109373 .   ^ a b c d e f g h Stone, Dan G. (1990). April Fools: An Insider's Account of the Rise and Collapse of Drexel Burnham . New York City: Donald I. Fine. ISBN   1556112289 .   ^ a b c Three Felonies A Day: How the Feds Target the Innocent , Encounter Books, 2009. Chapter Four: Following (or Harassing?) the Money ^ Moscow-Pullman Daily News, Feb 20, 1991. "Losses from Milken less than estimated" ^ New York Times, 1991-09-12, "Drexel Sues Milken, Seeking Repayment" ^ New York Times, 1992-02-18. "Milken to Pay $500 Million More In $1.3 Billion Drexel Settlement" ^ New York Times, May 6, 1990. "Tactics in Wall Street Cases Troubling Some Lawyers" ^ Time, Jun. 24, 2001. "The Man's Cancer" [ edit ] Further reading Connie Bruck - The Predators' Ball  : the inside story of Drexel Burnham and the rise of the junk bond raiders , New York: American Lawyer/ Simon and Schuster , 1988, Penguin paperback (updated), 1989. Fenton Bailey - "Fall From Grace: The Untold Story of Michael Milken", Carol Publishing Corporation (October 1992), ISBN 1559721359 . James B. Stewart - Den of Thieves , New York: Simon & Schuster, 1991, ( ISBN 0-671-63802-5 ). Ben Stein - A License to Steal: the Untold Story of Michael Milken and the Conspiracy to Bilk the Nation , Simon and Schuster , 1992 Daniel R. Fischel - Payback: the conspiracy to destroy Michael Milken and his financial revolution , New York, New York : HarperBusiness, 1995, ( ISBN 0-88730-757-4 ). Robert Sobel - Dangerous Dreamers: The Financial Innovators from Charles Merrill to Michael Milken' (1993), ( ISBN 0-471-57734-0 ). Michael Lewis. (1989). Liar's Poker : Rising through the Wreckage on Wall Street . New York: W.W. Norton . ISBN   0-393-02750-3 .   v   •   d   •   e Private equity and venture capital investors Investment strategy Buyout  · Venture  · Growth  · Mezzanine  · Secondaries History History of private equity and venture capital  · Early history of private equity  · Private equity in the 1980s  · Private equity in the 1990s  · Private equity in the 2000s Investor types Private equity investors  · Venture capitalists  · Corporate raiders Persondata Name Milken, Michael Alternative names Short description Date of birth July 4, 1946 Place of birth Encino, California , U.S. Date of death Place of death || || Home | Genre/SF & Fantasy The Great Monster Magazines A Critical Study of the Black and White Publications of the 1950s, 1960s and 1970s Robert Michael "Bobb" Cotter ISBN 978-0-7864-3389-6 30 photos, appendix, bibliography, index 238pp. hardcover (7 x 10) 2008 Buy Now! Price: $45.00 Quantity: Available for immediate shipment Description This is a critical overview of monster magazines from the 1950s through the 1970s. "Monster magazine" is a blanket term to describe both magazines that focus primarily on popular horror movies and magazines that contain stories featuring monsters, both of which are illustrated in comic book style and printed in black and white. The book describes the rise and fall of these magazines, examining the contributions of Marvel Comics and several other well-known companies, as well as evaluating the effect of the Comics Code Authority on both present and future efforts in the field. It identifies several sub-genres, including monster movies, zombies, vampires, sword-and-sorcery, and pulp-style fiction. The work includes several indexes and technical credits. About the Author Robert Michael "Bobb" Cotter, a graphic designer, lives in Pittsburgh. In addition to having written several books about comics and film, he writes a monthly column for Creepy Classics.   Other Book(s) by Robert Michael �Bobb� Cotter Available from McFarland:  The Mexican Masked Wrestler and Monster Filmography  A History of the Doc Savage Adventures in Pulps, Paperbacks, Comics, Fanzines, Radio and Film  Award Winner Honorable Mention, Rondo Hatton Award Reviews "lengthy introduction...a nice job...hitting on some of the very insignificant magazines"-- Mani.com "a vein worth mining"-- Scarlet "in depth...both an affectionate look back, and a scholarly study, of a period in horror history"-- Scary Monsters Magazine Read more reviews Table of Contents & Excerpts Related Books Genre/SF & Fantasy Genre/Horror Humanities/Comics Interdisciplinary Studies/Popular Culture