KUHN CAPITAL Wednesday, December 13, 2017
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Payback Time?

12/2/02

Today's New York Post reports that some of the most active Wall Street inflators of the Internet bubble may soon be making cameo SEC court appearances to defend their actions during the late Nineties.

Bandied about are such familiar names as Frank Quattrone of CSFB; former Salomon Smith Barney analyst Jack Grubman (a.k.a. The Grub-Man); former Merrill Lynch analyst Henry Blodget; Goldman Sachs' telecom researcher Frank Governali; and Morgan Stanley tech analyst Mary Meeker ("Queen of the Net").

But pity not these prudent custodians of your investment savings -- no matter what the authorities may levy against them, be assured that they have well-feathered their nests against this day, every last one.

Investigators have uncovered evidence that allegedly shows analysts pumped stock ratings in order to get lucrative investment banking fees and pad their bonuses. Not to speak of getting Grubman's twins into a hyper-exclusive Manhattan nursery school.


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