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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What is it called when one investor holds stock for another investor and thus conceals the identity of the owner?
(a) parking stock
(b) disguising stock
(c) covering stock
(d) shielding stock

2. What are two other notable takeovers done by Perelman after Revlon?
(a) CPC International and Transworld Corporation
(b) Hearst Corporation and Ford Motor Company
(c) Warner Brothers Studios and Coca Cola
(d) NBC-TV and Hertz Rent a Car

3. Who at Drexel became a problem because of a lawsuit by Beverly Hills Savings and Loan?
(a) Martin Siegel
(b) Fred Joseph
(c) Carl Ichan
(d) Jim Dahl

4. What was coming to an end?
(a) Drexel's plans for selling the firm
(b) Milken's anonymity
(c) Milken's ability to raise millions of dollars in a few days
(d) Drexel's presence on Wall Street

5. What made a Wickes takeover so attractive to Sanford Sigoloff?
(a) It was over valued on the Wall Street Stock Exchange.
(b) It was emerging from Chapter 11 bankruptcy with a large tax-loss carryforward
(c) It was losing stock value and had few debts.
(d) Wickes was his mother's maiden name.

Short Answer Questions

1. What did Bergerac and his allies forget in the process of fighting the takeover?

2. What happened to the plan for moving to the Seven World Trade Center?

3. For whose benefit were most of the investment partnerships?

4. Who was James Grant?

5. How were some people able to beat Milken on deals?

Short Essay Questions

1. Tell something of the anticipation associated with SEC and FBI investigations into Drexel and Milken.

2. How was Drexel involved in the Ivan Boesky charges?

3. Describe Milken's goals for the Asian markets.

4. Describe the reason for Wedvick's problems with Atlantic Capital.

5. Why did Sanford Sigoloff switch from Salomon Brothers to Drexel when he was acquiring Wickes?

6. Before Revlon, what had been Perelman's biggest success?

7. What were the results of the ongoing investigations of Drexel and Milken?

8. How and why did Milken avoid personal publicity?

9. State some of the details about Milken's being investigated for insider trading.

10. What role did LTV play in identifying a weakness in the junk market?

(see the answer keys)

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