View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 2: Chapter 8, Icahn-TWA: From Greenmailer to Manager-Owner.

Multiple Choice Questions

1. Where did Milken and his wife buy a house?
(a) Encino
(b) San Clemente
(c) Beverley Hills
(d) Santa Monica

2. What is it called when a firm decides to commit its own capital toward a takeover?
(a) bridge financing
(b) highway financing
(c) piggybacking
(d) marginal financing

3. What was the result of Tax Law reform in 1981?
(a) Big corporations faced running out of money.
(b) Only very large companies could make mergers and accquistions.
(c) More and more companies were burdened with higher taxes.
(d) The increase in cash flow put companies in a better position to service debt.

4. Why was Milken so interested in low grade bonds?
(a) they were the only ones he really understood
(b) that was all he could afford
(c) he liked to gamble big time
(d) equity offerings were not an option for the Drexel Burnham market

5. How did Milken break into the Las Vegas gambling business community?
(a) Milken showed the casino owners how they could double their income.
(b) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.
(c) Milken traveled every weekend to gamble in Las Vegas.
(d) Milken lowered his commissions to get large casino business.

Short Answer Questions

1. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?

2. Why did Posner back out of the National Can deal?

3. What commission did Drexel make on these funds?

4. When were the tax laws changed to minimize the benefits of stripping?

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

(see the answer key)

This section contains 334 words (approx. 2 pages at 300 words per page) View a FREE sample