View a FREE sample

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

Short Answer Questions

1. What is the name of the Salomon Brothers when it becomes a corporation?

2. What is it called when occupants of an upmarket property buy out the owner-developer who repays his government loan?

3. What spins out of control at Salomon Brothers in 1987?

4. Michael Milken works for which company?

5. Investment banking in America is a long-standing _____.

Short Essay Questions

1. What is happening in colleges in Britain by the end of 1986?

2. Who took the hit for the AT&T bond loss that the author advised Herman on?

3. How does Lewie Ranieri feel about Michael Milken? How does this differ from John Gutfreund's opinion of him?

4. What is selling short?

5. What characterizes Stu Willicker's leadership style?

6. Why do thrifts come back for more, even though they don't understand what is happening to their loans in the mortgage bond market?

7. What is the particular need of thrifts in terms of investing in the mortgage bond market?

8. How does the role of researcher change at Salomon Brothers during the mortgage bond explosion?

9. What is the relationship of IOs and POs to the market?

10. The author is convinced that the worst thing a man can do with a telephone without breaking the law is what?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

How and why do the requirements to work at Salomon Brothers evolve? Include the backgrounds of people like Lewie Ranieri versus those of new people like Matty Olivia. How was it handled when somebody quit their job and needed to be replaced in the 1970's versus the hiring process of the mid-1980's?

Essay Topic 2

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?

Essay Topic 3

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?

(see the answer keys)

This section contains 892 words (approx. 3 pages at 300 words per page) View a FREE sample