View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 12, Milken's Money Machine.

Multiple Choice Questions

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

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

3. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?
(a) stopped in St. Louis and started buying
(b) made calls from pay phones
(c) cabeled DBL to warn them
(d) turned around and went back

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

5. Where did most of the money come from when Icahn actually acquired ACF, a railroad car leasing company?
(a) Much of the purchase price came from the sale of some of the company's divisions.
(b) Ichan sold all of his Milken junk bonds.
(c) Milken financed much of the price.
(d) Ichan got the money from his uncle.

Short Answer Questions

1. Who was Dr. Feelgood of Drexel?

2. What did Milken's involvement in this business do for him personally?

3. What did Joseph need to achieve his goal of making Drexel a world-class institution?

4. What was the result of changes in the investment banking industry in the 1970s?

5. Why did Drexel remain a privately-held company?

(see the answer key)

This section contains 384 words (approx. 2 pages at 300 words per page) View a FREE sample