What Will Pardoned Financier Michael Milken Do Now?

”I’m not sure he’s as into the dealmaking as he used to be,“ Eric Schiffer, CEO of The Patriarch Organization, tells TheWrap

Now that financier Michael Milken has received a pardon from President Donald Trump that wipes clear his 1989 conviction on conspiracy and fraud charges, can we expect that the man who helped popularize the “greed is good” ethos of the 1980s will return to billion-dollar deal-making?

Apparently not. Several insiders told TheWrap that Milken shows no signs of jumping back into the business fray post-pardon. Milken, who this week returned from a trip to South Africa to explore expanding the availability of advanced medical therapies, instead remains focused on philanthropic projects such as funding cancer research, education and improving distressed communities.

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Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams