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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 becomes Milken's ally and public face in 1974?
(a) Khun Loeb
(b) Cary Grant
(c) Fred Joseph
(d) Tubby Burnham

2. What was Drexel able to do that made it so successful?
(a) to hear about acquisitions before anyone else
(b) to place the unsecured debt that banks wouldn't touch
(c) to get around banking laws
(d) to avoid reporting many of the transactions

3. Why did Milken hold a mini-Predators' Ball in Tokyo?
(a) The Balls in Los Angeles were drawing too much publicity.
(b) He was looking at getting into foreign markets.
(c) He did things like that on a whim.
(d) He was invited by Japanese businessmen.

4. What did Joseph need to achieve his goal of making Drexel a world-class institution?
(a) to mastermind an M&A for Drexel
(b) to stop dealing in junk bonds
(c) to get into M&A
(d) to learn the definition of leveraged buyouts

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

Short Answer Questions

1. Who was Dr. Feelgood of Drexel?

2. With whom was the firm of Drexel Burnham Lambert identified by the late 1970s?

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

4. When inflation raised the value of assets but not stock prices, what was the result?

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

(see the answer key)

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