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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. How was Drexel being spoken of after the success of so many hostile takeovers?
(a) as near criminals skirting the law
(b) as the devil in disguise
(c) a god that could do whatever it wanted in the niche it was in
(d) as the investment firm of the future

2. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?
(a) Nelson Peltz
(b) Oscar Wyatt
(c) Mike Milken
(d) Gerald Guterman

3. What were Milken's results the first year in his new position at Drexel Burnham?
(a) Break even
(b) 100% profit
(c) 10% profit
(d) Fewer clients

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

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

Short Answer Questions

1. Where did most of the money come from when Icahn actually acquired ACF, a railroad car leasing company?

2. What was a major factor in the failure of Beverly Hills Savings?

3. What was the result when many Drexel employees were not allowed into Milken's investment groups?

4. Where was much of the money coming from for takeovers in the 1980s?

5. Who paid $2-billion for the Metromedia television stations and their assets?

(see the answer key)

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