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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 15, Boesky Day.

Multiple Choice Questions

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

2. On May 12, 1986, who was charged with insider trading and agreed to cooperate with the government?
(a) Fred Joseph
(b) Car Icahn
(c) Lowell Milken
(d) Dennis Levine

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

4. What did the Federal Home Loan Bank Board discover about what Spiegle at Columbia Savings and Loan was doing?
(a) using Columbia Savings and Loan money to finance his own investments
(b) making fictitious home loans
(c) manipulating his competitors out of business
(d) financing his junk bond purchases with federally insured funds

5. How were some people able to beat Milken on deals?
(a) by attacking Milken
(b) by offering better prices
(c) by using illlegal means
(d) by hiring better salesmen

Short Answer Questions

1. How did Drexel get around the law and continue the takeovers?

2. What do raiders look for in companies to take over?

3. Before Sigoloff switched to Drexel, who was handling his takeover bid for Wickes?

4. Why did Ichan and Kingsley limit themselves to 4.9% of shares in companies?

5. With whom was the firm of Drexel Burnham Lambert identified by the late 1970s?

(see the answer key)

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