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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 10, 'Drexel is like a God'.

Multiple Choice Questions

1. Who did Joseph hire with a three-year contract calling for $3 million per year plus extras?
(a) Martin Siegel
(b) Dennis Levine
(c) Robert Salsbury
(d) Antonio Gebauer

2. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?
(a) gathering inside information to take back to Los Angeles
(b) pirating talent from some of the biggest firms on Wall Street
(c) consideration of all ideas, even the far-out and the flamboyant, instead of the conservative
(d) to undermine Milken and take over control of the Department

3. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?
(a) that more study needed to be done
(b) that it was too small a matter to be concerned with
(c) that M&A was written into the Constitution
(d) that they were very beneficial for the economy

4. By 1981, what was Drexel responsible for?
(a) moving Wall Street to Los Angeles
(b) leading the field in high interest bonds
(c) almost all of the junk bonds in the market
(d) engineering most of the hostile takeovers

5. What is a proxy fight?
(a) two blondes fighting
(b) having someone else fight a duel for you
(c) stockholder meetings where some are locked out
(d) stockholder meetings where the management team is voted out

Short Answer Questions

1. Why did none of the thirty bills introduced covering takeovers in 1984-85 pass?

2. What commission did Drexel make on these funds?

3. To troubled businesses, what was Drexel's unregistered exchange offer?

4. What did the Federal Home Loan Bank Board discover about what Spiegle at Columbia Savings and Loan was doing?

5. What did Joseph label his brainstorming information about LBOs?

(see the answer key)

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