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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. The speaker who eventually wins the hearts and minds of the back row in the Salomon Brothers training program describes the trading floor as a _____.

2. Massey is not looking for curious minds among trainees, he is looking for _____.

3. What does Lewis see as John Gutfreund's "calling card" as he makes his rounds in the trading floor?

4. According to the author, the reason Wall Street has initially ignored his resume is that all the representatives from large firms say that he lacks ______.

5. By definition, an analyst's job lasts how long?

Short Essay Questions

1. Why is Lewie Ranieri so loyal to Salomon Brothers?

2. Why are corporate financiers considered wimps by traders?

3. The author uses the analogy of two benevolent hands that "stuff the turkey" that Wall Street firms eat the stuffing from. What does he mean by this?

4. What happens when the author has breakfast with Leo Corbett?

5. What is unfortunate about the position Susan James has acquired at Salomon Brothers?

6. How does a chaired professor at the London School of Economics react when the author tells him the amount he has been offered to work at Salomon Brothers?

7. What do the trainees have planned for the morning Gutfreund is supposed to speak to the class?

8. What is one of the main concerns of the old hands at Salomon Brothers concerning the state of affairs in the economics of America in the 1980s?

9. What is the "3-6-3 Club"?

10. How does Bob Dall react when he is replaced by Ranieri?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe the training program at Salomon Brothers. How is it perceived by other firms? What is the difference between the people who sit in the front row and the people who sit in the back row of the training sessions? How are the Japanese trainees perceived? How do they perceive themselves? To which speaker does the back row respond favorably? Why?

Essay Topic 2

Compare the personality traits of Lewie Ranieri and Michael Milken. What is the difference between their careers in regards to their respective companies? Compare the amount of money each person made. Why did one make more money than the other?

Essay Topic 3

What contributes to the rapid and complete deterioration of Ranieri and Co. at Salomon Brothers? What was the achievement that Ranieri had hoped for in creating the mortgage department? How did the market affect the imbalance between Ranieri and Co. and the rest of the bond trading world?

(see the answer keys)

This section contains 991 words (approx. 4 pages at 300 words per page) View a FREE sample