He is currently chairman of the company.[19] Milken also established K12 Inc., a publicly traded education management organization (EMO) that provides online schooling, including to charter school students for whom services are paid by tax dollars,[20] which is the largest EMO in terms of enrollment.[21]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.[18] His own role in such behavior has been much debated. Stone claims that Milken viewed the securities laws bestcheapwigsonsale, 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.[18] He often called Drexel’s president and CEO, Fred Joseph known for his strict view of the securities laws with ethical questions.[9].
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