Cavas Gobhai

"In November 1983, Joseph, Milken and members of their respective teams met with Cavas Gobhai in a suite at the Beverly Wilshire Hotel, next door to Drexel’s new Beverly Hills office, to engineer the quantum leap. As Joseph recalled that meeting, “We started by asking, ‘Where does our financing muscle really come into play?’ One thing that’s hard to finance is unfriendly acquisitions. You can’t finance them, because you can’t tell people you’re going to do the deal, and you don’t know if you’re going to need the money, and you don’t know how much money you’re going to need, because you may have to raise the price, and you don’t have access to the inside information, and a lot of people don’t like to get involved in unfriendly deals.”"

"In November 1983, Joseph, Milken and members of their respective teams met with Cavas Gobhai in a suite at the Beverly Wilshire Hotel, next door to Drexel’s new Beverly Hills office, to engineer the quantum leap. As Joseph recalled that meeting, “We started by asking, ‘Where does our financing muscle really come into play?’ One thing that’s hard to finance is unfriendly acquisitions. You can’t finance them, because you can’t tell people you’re going to do the deal, and you don’t know if you’re going to need the money, and you don’t know how much money you’re going to need, because you may have to raise the price, and you don’t have access to the inside information, and a lot of people don’t like to get involved in unfriendly deals.”"