|Name: _________________________||Period: ___________________|
This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 10, 'Drexel is like a God'.
Multiple Choice Questions
1. What was Ichan able to do after he got a seat on the board of Tappan?
(a) He maneuvered the sale of the company to AB Electrolux.
(b) He prevented the company from being taken over.
(c) He was able to raise the stock prices.
(d) He took over running the company.
2. Why did Milken hold a mini-Predators' Ball in Tokyo?
(a) The Balls in Los Angeles were drawing too much publicity.
(b) He was looking at getting into foreign markets.
(c) He was invited by Japanese businessmen.
(d) He did things like that on a whim.
3. Who was Dr. Feelgood of Drexel?
(a) Lowell Milken
(b) Michael Milken
(c) Fred Joseph
(d) Tubby Burnham
4. To troubled businesses, what was Drexel's unregistered exchange offer?
(a) trading under the table
(b) creating additional Chinese paper
(c) lowering their interest rates to businesses
(d) a way of using stocks or bonds to meet the interest obligations
5. What company was a proxy fight that Carl Ichan lost?
(a) the Times, Inc.
(d) AB Electrolux
Short Answer Questions
1. Why did none of the thirty bills introduced covering takeovers in 1984-85 pass?
2. Why did Drexel want Carl Icahn as a client?
3. Who are two examples of Milken clients who became quite wealthy?
4. What did Milken offer this market segment?
5. With whom was the firm of Drexel Burnham Lambert identified by the late 1970s?
This section contains 347 words
(approx. 2 pages at 300 words per page)