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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. When were the tax laws changed to minimize the benefits of stripping?
(a) In 1990
(b) In 1982
(c) In 1989
(d) In 1991

2. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?
(a) Oscar Wyatt
(b) Mike Milken
(c) Gerald Guterman
(d) Nelson Peltz

3. What was the result of Tax Law reform in 1981?
(a) Big corporations faced running out of money.
(b) Only very large companies could make mergers and accquistions.
(c) The increase in cash flow put companies in a better position to service debt.
(d) More and more companies were burdened with higher taxes.

4. What did the Milken brothers do probably without notifying Drexel?
(a) set up their own investment banking business
(b) investment partnerships that were to be registered with Bear Stearns
(c) underwrite bond issues in excess for $1 trillion
(d) buy into a number of smaller investment firms

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

Short Answer Questions

1. Where did Milken and his wife buy a house?

2. What was Milken's goal by the early 1970s?

3. What did Milken offer this market segment?

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

5. Why did Milken take the bus from New Jersey to Wall Street?

(see the answer key)

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