Meshulam Riklis(1923-2019)

He is known as the father of the leverage buyout, a more polite term for "corporate raider." As a stockbroker, he traded exotic securities, such as high-paying preferred stock, high-yield bonds, and convertible bonds. He pioneered takeovers using bond issues, acquiring companies by paying little or no cash. Riklis has been accused of draining funds from his acquisitions, then driving them into bankruptcy. His MBA thesis at Ohio State University was on "the effective non-use of cash."