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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 coming to an end?

2. What was Perelman planning to do when he took over Pantry Pride in 1985?

3. On May 12, 1986, who was charged with insider trading and agreed to cooperate with the government?

4. What did Drexel think about the Japanese acceptance of junk bonds used in takeovers?

5. Before Sigoloff switched to Drexel, who was handling his takeover bid for Wickes?

Short Essay Questions

1. What were some of the detractors of LTOs saying about the practice in the 1980s?

2. How did Milken's power in the industry benefit Drexel?

3. Tell something of the anticipation associated with SEC and FBI investigations into Drexel and Milken.

4. Why were other investment firms not as successful as Drexel?

5. How widespread was Milken's competition by the fall of 1986?

6. What was James Grant's position on where things would eventually lead in the credit cycle?

7. What were the results of the ongoing investigations of Drexel and Milken?

8. Describe the reason for Wedvick's problems with Atlantic Capital.

9. What evolved after many customers first dealt with Milken?

10. What was Ronald Perelman's purpose for acquiring Pantry Pride?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write a paper on stock parking. Milken and Drexel were investigated for this practice, but they were not the only ones. Define stock parking and research other instances of charges brought against investor and investment firms for doing this. Be sure to include why a person wanting to gain control of a company might want to use this illegal method.

Essay Topic 2

Write an essay on personal values. Milken and his wife lived modestly and they did not flaunt their wealth. Milken appeared to be more interested in the game of making money than in the money itself. In your essay discuss what you think the relationship of money should be to one's personal values.

Essay Topic 3

Do some research and write a paper on Michael Milken's philanthropic work since his release from prison. Express if you think he shows a more human side to his personality now.

(see the answer keys)

This section contains 924 words (approx. 4 pages at 300 words per page) View a FREE sample