Rob Wile is a breaking business news reporter for NBC News Digital.
Ivan Boesky, a onetime Wall Street titan-turned-convict who served as the partial inspiration for the 1987 Oliver Stone film 'Wall Street,' has died at the age of 87. Though he denied ever saying it, contemporary accounts reported Boesky extolling the virtues of avarice in a commencement speech at the University of California Berkeley in 1986. “I think greed is healthy,' Boesky reportedly said. “You can be greedy and still feel good about yourself.
Born in Detroit, Boesky moved to New York City in the mid-1960s after graduating law school and found work on Wall Street. He eventually used money from the estate of his then-wife's family to create his own brokerage firm, and a decade later had a net worth of more than $200 million — nearly $1 billion in today's figures. But many of the gains proved ill-gotten: As uncovered by then-U.S.
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