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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. Who was Dr. Feelgood of Drexel?
(a) Michael Milken
(b) Fred Joseph
(c) Tubby Burnham
(d) Lowell Milken

2. When did the trading of Milken, Icahn, Posner and Boyd Jeffries, as well as others come under investigation?
(a) Right after the Preditors' Ball in 1987
(b) In late December 1986
(c) Within minutes of the announcement of Boesky's plea bargain
(d) Long before the SEC began investigating Boesky

3. Why did Atlantic Capital have to stop selling Wedvick's contracts?
(a) It became over-extended and faced bankruptcy.
(b) Wedvick's contracts became worthless.
(c) Pressure on Kansa came from Standard and Poor's and a downgrade to an A-rating.
(d) Drexel bought them out.

4. Why was the Revlon takeover a landmark case for Perelman and Drexel?
(a) If Perelman won, it would set the precedent for other such takeovers.
(b) Because of its base of female customers, Revlon was vulnerable to bad publicity.
(c) This one was almost as large as the Phillips Petroleum takeover.
(d) The most impassioned corporate defenders were united against Milken's onslaught.

5. How did Drexel get around the law and continue the takeovers?
(a) by creating dummy companies to made the acquisitions
(b) by using preferred stock instead of bonds as a means of financing
(c) by lobbying to get the rules overturned
(d) by using offshore banks to finance their deals

Short Answer Questions

1. What did Carl Ichan become known as?

2. By 1986, who was the largest stockholder in Drexel Burnham Lambert?

3. What was the object of gaining control of a company and sell off many of its divisions?

4. What did the Milken Group do in 1983?

5. What did Milken do for people who had worked with him?

(see the answer key)

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