Word: lynching
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Best known for telling investors in 1999 that Amazon.com stock was worth $50 three weeks before it hit $400, Cohen has been vindicated by the current bear market for tech stocks. As the top tech analyst at Merrill Lynch, he was one of the few who preached moderation in the late '90s, and eventually left, to be replaced by superbull Henry Blodget. Today Cohen, 36, is moving on to money managing at a technology hedge fund, JHC Capital Partners...
According to an article published Monday in the Boston Globe, the three finalists are Colgate University Athletic Director Mark Murphy, Vanderbilt University Senior Associate Athletic Director Brad Bates, and “dark horse” candidate Brian Hehir ’75, a vice chair of Merrill Lynch in New York...
However, Hehir, a former Harvard varsity football player, has worked at Merrill Lynch for more than 20 years and has no experience in intercollegiate athletics at any administrative level...
...Suffice it to say that Merrill Lynch's move - which will either spur a wave of similar image-primping among other financial-services houses or merely provide a really good reason for Merrill analysts to go work somewhere else - doesn't change the answer to yes. Heck, a lot of investors, professional and otherwise, aren't even so crazy about what Merrill did. Many like the idea of their tipsters, if not exactly free of company bias, at least having their money where their mouth is. (Even Merrill's Melnick was agnostic on the question just weeks ago, telling...
...Merrill Lynch and Goldman Sachs and Morgan Stanley decide that it's better for business to make their analysts credible again, they'll do it - more "sell" ratings, more disclosure, a rebuilding of the Chinese wall. Dealmakers and stock-pickers will stop talking to each other, and analysis will no longer be considered part of the investment bankers' sales pitch to investors...