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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 15, Boesky Day.

Multiple Choice Questions

1. Who was another player involved in the National Can takeover attempt?
(a) Lowell Milken
(b) Gerald Guteman
(c) Victor Posner
(d) Oscar Wyatt

2. What benefit did Milken arrange for his low grade investment group for the next 14 years?
(a) half the profits
(b) higher salaries and larger offices
(c) extensive paid vacations
(d) 35% of the profits

3. 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

4. Why was Milken so interested in low grade bonds?
(a) that was all he could afford
(b) equity offerings were not an option for the Drexel Burnham market
(c) he liked to gamble big time
(d) they were the only ones he really understood

5. What was the goal of Nelson Peltz?
(a) to corner the Los Angeles real estate market
(b) to compete with Milken
(c) to be a part of the Hollywood scene
(d) to get into the airline business

Short Answer Questions

1. What did the Milken brothers do probably without notifying Drexel?

2. What was Samuel Heyman able to get from Milken?

3. What are REITs?

4. What was a major factor in the failure of Beverly Hills Savings?

5. What was one of the most important factors in the leveraged buyout deals?

(see the answer key)

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