1. Do some research into the buyout of RJR Nabisco by KKR (you may want to start by reading a synopsis of the book "Barbarians at the Gate"). Give a brief history. Was this ultimately a financially sound deal? Who benefited from it? Does that justify it? What were the final results and where are the companies today. Finally, was it a good deal or a bad deal from a stockholder or market perspective?

2. In light of certain very unfortunate events such as ENRON how might traditional corporate governance be restructured to prevent such things or is it structured as well as can be (it is just that no system is perfect)?

3. The American financial system is too regulated and its innovation and creativity is being reduced as a result. Agree or disagree with this statement and explain why.