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Where are they now? The Drexel alumni 25 years later

The Drexel diaspora

AP

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

Mark Attanasio

Mark Attanasio, co-founder and managing partner of Crescent Capital Group LP
Patrick T. Fallon | Bloomberg | Getty Images

Current role: Co-founder and managing partner of Crescent Capital Group, an approximately $16 billion debt investment firm.

Leon Black

Leon Black, chairman and CEO of Apollo Management
Jonathan Alcorn | Bloomberg | Getty Images

Current role: Chairman and CEO of Apollo Global Management, the $164 billion private equity giant.

Marc Faber

Marc Faber
Adam Jeffery | CNBC

Current role: "The Gloom Boom & Doom Report" report publisher, nicknamed "Dr. Doom" as purveyor of bearish market and economic forecasts.

Stephen Feinberg

Source: Cerberus Capital

Current role: Co-founder and CEO of Cerberus Capital Management, an approximately $25 billion alternative investment firm best known for distressed investments.

Bennett Goodman

Source: Blackstone.com

Current role: Co-founder of Blackstone Group's GSO Capital Partners credit investment unit.

Richard Handler

Richard Handler, chairman and chief executive officer of Jefferies Group Inc.
Peter Foley | Bloomberg | Getty Images

Current role: CEO of investment bank Jefferies and parent holding company Leucadia National Corp.

Josh Harris

Joshua Harris, co-founder and senior managing director of Apollo Global Management LLC.
Peter Foley | Bloomberg | Getty Images

Current role: Co-founder and senior managing director of Apollo Global Management; managing owner of the Philadelphia 76ers and co-owner of the New Jersey Devils.

Mitch Julis

Source: Canyon Capital

Current role: Co-founder and co-CEO Canyon Partners, a $23 billion hedge fund, emerging markets and real estate investment firm.

Michael Milken

Michael Milken, chairman of the Milken Institute.
Patrick T. Fallon | Bloomberg | Getty Images

Current role: Chairman of the Milken Institute, a think tank; co-founder of the Milken Family Foundation.

Ken Moelis

Ken Moelis
David A. Grogan | CNBC

Current role: Founder, chairman and CEO of Moelis & Co., an investment bank.

Antony Ressler

Tony Ressler, Jami Gertz, Richard Ressler
AP

Current role: Co-founder and CEO of Ares Management, an about $80 billion investor in credit, direct lending, private equity and real estate.

Richard Ressler

Tony Ressler, Jami Gertz, Richard Ressler
AP

Current role: Founder and president of Orchard Capital, which invests in and consults companies.

Jon Sokoloff

Source: Leonardgreen.com

Current role: Managing partner of Leonard Green & Partners, a private equity firm.

Leon Wagner

Leon Wagner, co-founder and retired chairman of GoldenTree Asset Management.
Michael Nagle | Bloomberg | Getty Images

Current role: Chairman and CEO LWPartners, a financial advisory firm; best known as founding partner and chairman of hedge fund firm GoldenTree Asset Management.

Gary Winnick

Gary Winnick, Chairman of the Board of Directors of Global Crossing Ltd
Marvin Joseph | The Washington Post | Getty Images

Current role: Chairman and CEO of Winnick & Company, an investment firm; previously led failed telecommunications company Global Crossing.