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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. What was the object of gaining control of a company and sell off many of its divisions?
(a) to bring the bought company down to manageable size
(b) to make money on the sales and then dump the parent company
(c) to avoid reporting where the purchas price was coming from
(d) to be left with the best part of the company almost for free

2. What did Milken and Joseph devise to keep business flowing during the recession?
(a) finance services for the largest clients
(b) better communications with clients
(c) different kinds of instruments
(d) ways of trading abroad

3. By 1986, who was the largest stockholder in Drexel Burnham Lambert?
(a) Grace Milken
(b) Michael Milken
(c) Lowell Milken
(d) the Milken Family Trust

4. What was the advantage FIFI and other like funds offer?
(a) simplicity of buying
(b) a higher yield than Treasury bonds
(c) better availability
(d) more security than Treasury bonds

5. With whom was the firm of Drexel Burnham Lambert identified by the late 1970s?
(a) Ronald Reagan
(b) Tubby Burnham
(c) Michael Milken
(d) Fred Joseph

Short Answer Questions

1. Why did Ichan and Kingsley limit themselves to 4.9% of shares in companies?

2. Why did Drexel want Carl Icahn as a client?

3. How did Drexel get around the law and continue the takeovers?

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

5. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?

(see the answer key)

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