Ken Kencel on the Rise of Private Capital
Masters in Business
00:00
The Diaspora at Drexel
I think all of us were a bit surprised when Drexel left the corporate landscape. We all basically went out looking to take that experience and do it at either banks or other investment banks. I ended up at Chase in the early 90s, they really weren't in the investment banking business. They looked at the opportunity there and said, gee, we should really have a high yield business and a financing business. It was a great place to work. Unfortunately, they went through a series of about a dozen mergers in the period of probably five years.
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