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Where are they now? The Drexel alumni 25 years later

Michael Milken 1989

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The Drexel diaspora

Drexel Burnham Lambert collapsed in scandal 25 years ago, but alumni of the once-powerful investment bank are now in some of Wall Street's most powerful posts.

The firm famous for high-yield or "junk" bonds filed for bankruptcy on Feb. 13, 1990 after several years of legal troubles. Thousands were out of work the next day, which was dubbed the "Valentine's Day Massacre."

Drexel's bond department head Michael Milken would pay huge fines and serve nearly two years in prison for securities fraud. But many would come to see Milken and Drexel as more benign figures.

The high-yield bond market they pioneered increased dramatically in size, and well known entrepreneurs like casino magnate Steve Wynn, telecom boss William McGowan and media mogul Ted Turner were boosted early on Drexel-assisted financing. Milken also became a prominent philanthropist and supporter of public health and medical research.

If there was a taint to working under Milken, it's hard to tell from the prestigious positions the "Drexel diaspora" now occupy. CNBC took a look at where some of the most successful alums are today.

By Lawrence Delevingne, with Katie Spencer

AP