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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 13, The Enforcer.

Multiple Choice Questions

1. Who were some customers who received better deals from Milken?
(a) Carl Icahn and Samuel Heyman
(b) Murdock and Turner
(c) Perelman and Rocho
(d) Oscar Wyatt and Coastal Corporation

2. Why did people like Lawrence Coss of Green Tee Acceptance feel they were targets of hostile takeovers?
(a) because they wanted more money for their companies
(b) because they wouldn't give in to Milken
(c) because they were not Jewish
(d) because Milken did not like them

3. By 1983, what was the worth of Drexel's junk bond business?
(a) $460 billion
(b) $40 billion
(c) $2 billion
(d) $4.690 billion

4. Why was the Revlon takeover a landmark case for Perelman and Drexel?
(a) If Perelman won, it would set the precedent for other such takeovers.
(b) This one was almost as large as the Phillips Petroleum takeover.
(c) Because of its base of female customers, Revlon was vulnerable to bad publicity.
(d) The most impassioned corporate defenders were united against Milken's onslaught.

5. What could happen to Drexel with so much power vested in one man?
(a) possible loss if anything happened to him
(b) possible abuse of power
(c) possible take over of the company
(d) possible collapse of the company

Short Answer Questions

1. To Drexel, what did certain concessions to clients mean?

2. What did Bergerac's associates tell him about Perelman?

3. What was Perelman planning to do when he took over Pantry Pride in 1985?

4. Why did Milken's people say they performed so well?

5. What became the craze on Wall Street in 1986?

(see the answer key)

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