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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. What was Milken's biggest contribution to Drexel in the early years?

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

4. What government regulation made it easier for multiple mergers in the 1980s?

5. Who made the acquisition in the American Natural Resources (ANR) case?

Short Essay Questions

1. Describe Drexel's part in the National Can hostile takeover.

2. Explain Milken's relationship with his staff.

3. Why did Thomas Spiegel come under investigation by the FHLBB?

4. How did HITS come about and what was it?

5. How did Fred Joseph begin his goal of making Drexel a top notch firm in fifteen years?

6. How did Marshall Field attempt to fight Carl Icahn?

7. What were some of Carl Icahn's problems after his successful TWA takeover?

8. Describe how Michael Milken is introduced in the book.

9. What was capturing Milken's interest in 1977?

10. Give examples of people other than his staff who become quite wealthy following Milken's direction.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The name, Predators' Ball, says a great deal about the people who organized the ball and those who clamored for invitations. Write an essay about predators and why this title was so appropriate for the people involved. Give your opinion about how that title expresses disregard for the people who were the victims.

Essay Topic 2

Write an essay on how power corrupts. Using Milken as an example, discuss how easy it is for one who gains great power to think that the rules do not apply to him/her. In the essay discuss how flaunting the rules for a good purpose does not make it right.

Essay Topic 3

Write an essay on the importance of ethics in business. Discuss how the practice of secrecy leads to unethical behavior. In the essay discuss business and government transparency as a necessary ingredient in ethical behavior. Bring it down to a personal level where people refrain from doing bad things because others will know about it.

(see the answer keys)

This section contains 1,121 words (approx. 4 pages at 300 words per page) View a FREE sample