1. 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) consideration of all ideas, even the far-out and the flamboyant, instead of the conservative
(c) to undermine Milken and take over control of the Department
(d) gathering inside information to take back to Los Angeles

2. Why did Drexel want Carl Icahn as a client?
(a) Icahn would not use junk bonds to finance his hostile takeovers.
(b) He was a risk taker that would make money even if he failed.
(c) Most other firms wouldn't handle him and he would be willing to pay the price to the investors of junk bonds.
(d) Icahn had liquid capital in offshore banks.

3. Why were Milken's imitators not as successful as he was?
(a) They could not invest as much firm money.
(b) They could not raise the money Milken could or with the same speed.
(c) They were bound by deeper government regulations.
(d) They had no idea how he was doing his business.

4. What was the Milken philosophy?
(a) to go after businesses listed on the NYSE
(b) to go after businesses that were sure to fail
(c) to go after businesses that were owner-managed
(d) to go after startup businesses

5. What was Fred Joseph's strategy for hiring employees for Drexel?
(a) hiring from the smaller firms so that they saw it as a step up
(b) overhiring to learn which are the ones to keep
(c) paying higher commissions than anyone else
(d) getting recommendations from bigger firms