Background: What have Leon Black (Apollo), Michael Milken And Adam Aron In Common? Vail Resorts
THE APOLLO MISSIONS: Michael Milken (Aka The Junkbond King) arrested for Racketeering and Securities fraud due to his illegal activities in the JUNK BOND MARKET, in 1989, he was working for Drexel Burnham Lambert. After the Investigation, Drexel Burnham Lambert was forced into Bankruptcy in 1990.
Leon Black had risen through the ranks at Drexel to become Michael Milken's Right-Hand Man, and built a fearsome reputation doing so. Apollo Management, headed by Leon Black, bought Vail Resorts out of bankruptcy and took it public, controlling Vail Resorts through its growth until around 2003, when Apollo divested themselves of the controlling interest. From 1996 to 2006, Aron was HIRED BY APOLLO as CEO to oversee their investment in Vail Resorts.
