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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 did Milken demand from everyone around him?

2. Why was the partner Groupe Bruxelles Lambert S.A. not happy with Drexel and trying to take it over?

3. How did the investigation appear at first?

4. In many ways, what became the role of Milken?

5. What was one of the most important factors in the leveraged buyout deals?

Short Essay Questions

1. What were some of the detractors of LTOs saying about the practice in the 1980s?

2. Describe Milken's goals for the Asian markets.

3. What was Ronald Perelman's purpose for acquiring Pantry Pride?

4. What was James Grant's position on where things would eventually lead in the credit cycle?

5. How did political connections aid Drexel?

6. How was favoritism shown at Drexel?

7. State some of the details about Milken's being investigated for insider trading.

8. What role did LTV play in identifying a weakness in the junk market?

9. Why were other investment firms not as successful as Drexel?

10. What evolved after many customers first dealt with Milken?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write an essay on the value of competition. Using the meteoric rise of Drexel in the junk bond business, note how the competition attempted to imitate its success. In your paper, discuss how competition leads to greater achievements and better products.

Essay Topic 2

Nelson Peltz had a strong desire to be in the Hollywood scene. Starting with him as an example, write a paper on various reasons people want to amass a fortune. Include in your paper what you would do if you suddenly became very wealthy.

Essay Topic 3

Write an essay on racial and religious discrimination. Using Milken's problems in his early years because he was Jewish, express your opinion about how discrimination overlooks individual value by blanket bias against whole groups of people.

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