View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. What did Carl Ichan become known as?
(a) a movie mogul
(b) a takeover specialist, especially hostile takeovers
(c) going bankrupt
(d) losing proxy fights

2. For whom did Milken do trading?
(a) only for himself now because he was making so much money
(b) just for Drexel Burnham Lambert because of the volume of work
(c) not only for customers, but also his own account and his group's account
(d) only for family and friends to keep attention away from himself

3. What are REITs?
(a) rare employee investment tallies
(b) real estate instruments like mortgages
(c) really extended investment trials
(d) raw energy investment tables

4. Why did none of the thirty bills introduced covering takeovers in 1984-85 pass?
(a) The Congress did not think it was an important matter.
(b) Many politicians who received large contributions attended the Predators' Ball in 1986.
(c) Drexel took leading politicians on a vacation to the Bahamas.
(d) Congress was waiting for a supreme court decision.

5. Who were the people Milken was happy to help in the business?
(a) people who did not qualify to work at Drexel
(b) people who left Drexel on friendly terms
(c) people who would destroy competitors
(d) people who would spy on the competition

Short Answer Questions

1. In many ways, what became the role of Milken?

2. What was it about Milken that impressed his clients?

3. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?

4. What were many of the money managers who started with Milken in the late 1970s doing in the 1980s?

5. For what did Boesky claim a $5.3 million payment was made to Drexel?

(see the answer key)

This section contains 365 words (approx. 2 pages at 300 words per page) View a FREE sample