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Wharton Students Want Milken Off Wall If He’s Convicted

April 21, 1989

PHILADELPHIA (AP) _ University of Pennsylvania business students say they will push for the removal of junk bond tycoon Michael Milken from the Wharton School’s Hall of Fame if he is convicted of fraud and racketeering.

″If he’s found guilty, I think they should yank him out,″ said Tom Tziavragos, who will graduate this year. ″And if he’s a crook, I’m all for his going to jail. I think most of my classmates feel that way.″

Milken has given $2.25 million to Wharton since his 1978 graduation, spokeswoman Margaret Barry said. Milken is one of 16 Hall of Fame members whose photographs hang in Steinberg Hall-Dietrich Hall on the University of Pennsylvania campus.

Sophomore Lauren Krasnow said his continuing presence on the wall, if convicted, would be unfair to the other honorees, including real-estate mogul Donald Trump, Supreme Court Justice William Brennan and the building’s namesake, financier Saul Steinberg.

Wharton spokeswoman Denise Portner said Milken’s portrait will stay, at least for now.

″We don’t think it is up to us to decide whether he is innocent or guilty,″ she said. ″That is a matter for the courts.″

The Hall of Fame members were chosen by student ballot several years ago.

Milken, 42, a former Drexel Burnham Lambert Inc. financier, was indicted March 29 on 98 counts of defrauding clients through insider trading and stock manipulation. A trial is expected later this year.

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