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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. Under what law was Milken finally charged and convicted?
(a) the Sherman anti-Trust Act
(b) the Insider Trading Act
(c) the Racketeer-Influenced Corrupt Organizations law
(d) the Graft and corruption Act

2. What did Milken want at work?
(a) fancy titles and gold letterhead
(b) to run the Drexel firm
(c) distance between him and the powers that be at Drexel
(d) his photo in the annual report

3. How did the investigation appear at first?
(a) It seemed flimsy and not much to worry about.
(b) It seemed impossible to find all the needed evidence.
(c) It seemed to be only aimed at Milken.
(d) It seemed to involve Wall Street figures other than Milken and Drexel.

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

5. What did Bergerac's associates tell him about Perelman?
(a) that Perelman knew all about hostile takeovers
(b) that Perelman had never done a hostile takeover
(c) that Perelman was known as a blowhard
(d) that Perelman would use illegal means to take Revlon over

Short Answer Questions

1. What concept did Milken continue to support?

2. What made Drexel's troubles even worse after Boesky Day?

3. What benefit did Milken arrange for his low grade investment group for the next 14 years?

4. Where did Grant point out most of the junk bonds were held?

5. What were Milken's results the first year in his new position at Drexel Burnham?

(see the answer key)

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