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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What was one thing Lowell Milken did for the company?

2. What was Drexel's only real competition by the 1980s?

3. What did Carl Ichan become known as?

4. What was the address of the new building in L. A.?

5. What is it called when a firm decides to commit its own capital toward a takeover?

Short Essay Questions

1. Explain some of Drexel's problem clients in the early 1980s.

2. How did HITS come about and what was it?

3. Discuss Carl Icahn's expertise in proxy fights.

4. How did Milken begin building his fortune?

5. Describe how Michael Milken is introduced in the book.

6. Explain Milken's relationship with his staff.

7. What happened that started the Merger & Acquisition craze in the late 1970s and early 1980s?

8. Why did Thomas Spiegel come under investigation by the FHLBB?

9. Give examples of people other than his staff who become quite wealthy following Milken's direction.

10. What were some of Carl Icahn's problems after his successful TWA takeover?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write a paper on inflation. Begin with a definition of inflation and create an example showing how it affects everyone and causes large scale economic hardships. Be creative with your imaginary example.

Essay Topic 2

Write a paper on how manipulation of big business affects the common citizen. With mergers and acquisitions many people end up losing their jobs. When financial gambles go wrong, people's life savings are often affected. Your paper should discuss the responsibility of wealthy business people for the public welfare at large.

Essay Topic 3

Write a paper on stock parking. Milken and Drexel were investigated for this practice, but they were not the only ones. Define stock parking and research other instances of charges brought against investor and investment firms for doing this. Be sure to include why a person wanting to gain control of a company might want to use this illegal method.

(see the answer keys)

This section contains 1,148 words (approx. 4 pages at 300 words per page) View a FREE sample