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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 14, Sovereign Privileges.

Multiple Choice Questions

1. What did Drexel think about the Japanese acceptance of junk bonds used in takeovers?
(a) that the Japanese would accept anything made in America
(b) that they would need to do a lot of educating
(c) much faster there than it had been in the United States
(d) that it would be a foothold in all of Asia

2. What company was a proxy fight that Carl Ichan lost?
(a) Hammermill
(b) the Times, Inc.
(c) Tappan
(d) AB Electrolux

3. Why did Milken takeovers work?
(a) because of Milken's name associated with the takeover
(b) because Milken personally supervised the takeovers
(c) because of inside information
(d) because the raiders were backed by pools of capital

4. Why did people like Lawrence Coss of Green Tee Acceptance feel they were targets of hostile takeovers?
(a) because they wouldn't give in to Milken
(b) because they wanted more money for their companies
(c) because Milken did not like them
(d) because they were not Jewish

5. Who was behind the success of both First Executive and Columbia Savings?
(a) Fred Carr
(b) Thomas Spiegle
(c) Mike Milken
(d) Lowell Milken

Short Answer Questions

1. What could happen to Drexel with so much power vested in one man?

2. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?

3. What became the name of bonds that come into being during highly leveraged takeovers?

4. What was the goal of Nelson Peltz?

5. Why did Drexel want Carl Icahn as a client?

(see the answer key)

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