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This quiz consists of 5 multiple choice and 5 short answer questions through Part 2: Chapter 8, Icahn-TWA: From Greenmailer to Manager-Owner.

Multiple Choice Questions

1. What government regulation made it easier for multiple mergers in the 1980s?
(a) gauranteed loans for mergers
(b) a relaxation of antitrust restrictions
(c) deregulation of banks
(d) cuts in the minimum wage

2. What was the result in 1974 when International Nickel Company raided ESB?
(a) junk bonds became passe
(b) Milken denounced the deal
(c) no one was surprised
(d) the beginning of many hostile raids

3. With whom was the firm of Drexel Burnham Lambert identified by the late 1970s?
(a) Fred Joseph
(b) Tubby Burnham
(c) Michael Milken
(d) Ronald Reagan

4. What is it called when someone holds a financial advantage over a company to force a sale?
(a) investment banking
(b) greenmail
(c) hijacking
(d) proxy fighting

5. What did Milken and Joseph devise to keep business flowing during the recession?
(a) better communications with clients
(b) ways of trading abroad
(c) different kinds of instruments
(d) finance services for the largest clients

Short Answer Questions

1. What kind of business did Milken's Belvedere Securities do?

2. What is sometimes the result of an LBO?

3. Why did Posner back out of the National Can deal?

4. What is RICO?

5. Why did Milken's people say they performed so well?

(see the answer key)

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