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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. Who are two examples of Milken clients who became quite wealthy?
(a) Fred Carr and Thomas Spiegle
(b) Marty Ingles and Shirley Jones
(c) James Brown and Kevin Bacon
(d) Lawrence Welk and Ray Milland

2. How did Milken and his wife travel to Los Angeles?
(a) by car
(b) by bus
(c) by train
(d) by private jet

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

4. What is a proxy fight?
(a) having someone else fight a duel for you
(b) stockholder meetings where some are locked out
(c) stockholder meetings where the management team is voted out
(d) two blondes fighting

5. Why did Drexel want Carl Icahn as a client?
(a) Most other firms wouldn't handle him and he would be willing to pay the price to the investors of junk bonds.
(b) He was a risk taker that would make money even if he failed.
(c) Icahn would not use junk bonds to finance his hostile takeovers.
(d) Icahn had liquid capital in offshore banks.

Short Answer Questions

1. What advantage did Milken's kind of debt offer?

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

3. To find more ways for their clients to make money, to what did Milken and Joseph turn their attention?

4. Why did Ichan and Kingsley limit themselves to 4.9% of shares in companies?

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

(see the answer key)

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