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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Why was Drexel Burnham's investment banking business diminished by 1975?

2. Who was another player involved in the National Can takeover attempt?

3. Where did Milken want to move his bond operation unit in 1978?

4. What are REITs?

5. What was the address of the new building in L. A.?

Short Essay Questions

1. How did Drexel go about creating the Air Fund in an effort to get into M&A?

2. Describe the National Can Company takeover.

3. Why did Thomas Spiegel come under investigation by the FHLBB?

4. Who was Carl Icahn and how did he get into the hostile takeover business?

5. Describe Drexel's part in the National Can hostile takeover.

6. Write about the relationship between Milken and Steve Wynn of the gambling industry.

7. How did HITS come about and what was it?

8. Explain why Milken wanted to move his operation to Los Angeles.

9. How did Milken help Drexel on his drive from New York to California?

10. Explain why Drexel did not become a publicly-traded company?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write a paper on how manipulation of big business affects the common citizen. With mergers and acquisitions many people end up losing their jobs. When financial gambles go wrong, people's life savings are often affected. Your paper should discuss the responsibility of wealthy business people for the public welfare at large.

Essay Topic 2

Write a paper on junk bonds. Explain "fallen angels" and other types of bonds that Milken saw the potential in. Describe how they are used and why they are classified as "high-yield."

Essay Topic 3

The name, Predators' Ball, says a great deal about the people who organized the ball and those who clamored for invitations. Write an essay about predators and why this title was so appropriate for the people involved. Give your opinion about how that title expresses disregard for the people who were the victims.

(see the answer keys)

This section contains 1,045 words (approx. 4 pages at 300 words per page) View a FREE sample