

In a private dining room at the Beverly Hills restaurant Spago, four dozen financiers gathered in April for a dinner put on by one of their own: Leon Black, head of private equity giant Apollo Global Management LLC. As the group dined on Hong Kong-style loup de mer and filet mignon prepared with an Armagnac-peppercorn emulsion, Michael Milken, who worked with Black at junk-bond firm Drexel ...
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