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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 5, The Cloister at Wilshire and Rodeo.

Multiple Choice Questions

1. What was one thing Lowell Milken did for the company?
(a) make political contacts
(b) find tax shelters for them
(c) keep out unwanted visitors
(d) make the coffee

2. What was the address of the new building in L. A.?
(a) Rodeo Drive and Wilshire
(b) Sunset and Vine
(c) Hollywood and Vine
(d) Avenue of the Stars in Century City

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

4. Who moved to Los Angeles with Milken?
(a) most of his friends
(b) several Wall Street firms
(c) most of his staff
(d) most of his relatives

5. Who dominated the market in junk bond funds from 1978 on?
(a) Fidelity
(b) Morgan Investments
(c) Drexel
(d) Lehman Brothers

Short Answer Questions

1. What was the Milken philosophy?

2. What benefit did Milken arrange for his low grade investment group for the next 14 years?

3. How did the firm now have equity stakes in most of the companies that it financed?

4. What was Milken's problem with back office people at Drexel?

5. Keeping New York office hours, at what time did they begin work in L. A.?

(see the answer key)

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