View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 6, The Air Fund.

Multiple Choice Questions

1. What did Joseph label his brainstorming information about LBOs?
(a) Air Fund or the highly confident letter
(b) the M&A files
(c) the CIA files
(d) the X-Files

2. Why was Drexel Burnham's investment banking business diminished by 1975?
(a) Most of the major customers had fled.
(b) Bond prices had risen too high.
(c) The bigger firms were copying its business model.
(d) It had nothing to sell.

3. What was it about Milken that impressed his clients?
(a) his knowledge and memory for details about every bond there was.
(b) his connections with politicians and movie stars
(c) his inside information about the junk bond companies
(d) his willingness to bargain when he sold them junk bonds

4. Keeping New York office hours, at what time did they begin work in L. A.?
(a) 4:30 a.m.
(b) 6:30 a.m.
(c) 10:00 a.m.
(d) 7:00 a.m.

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

Short Answer Questions

1. What was the result in 1974 when International Nickel Company raided ESB?

2. What was a cause of the market crash of 1974?

3. By 1986, who was the largest stockholder in Drexel Burnham Lambert?

4. What was the Wall Street attitude toward low grade bonds at the time Milken started trading in them?

5. What was Fred Joseph's strategy for hiring employees for Drexel?

(see the answer key)

This section contains 318 words (approx. 2 pages at 300 words per page) View a FREE sample