Word: lynching
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Meanwhile, the entire analyst community is under siege, essentially charged with fueling the irrational ascent of worthless stock via questionable buy recommendations that enriched analysts and their firms. Internet pinups Meeker at Morgan Stanley and Henry Blodget at Merrill Lynch each earned about $15 million for their bullishness in 1999--while those who listened paid dearly. Now we demand accountability...
...taking this very seriously" and plan to clearly disclose conflicts on the front of research reports and issue more sell ratings, says Andrew Melnick, director of global research at Merrill Lynch. O.K., we're waiting. But investors have their own guideline: Wall Street's history. It doesn't stir much faith that the little guy will ever be put first. We might be better off just understanding that and leaving things...
...Then in 1989, HMC suffered one of its most public investing debacles. HMC lost about half of a $45 million investment—then about one percent of the endowment—in risky “commercial papers” of Lomas Financial Co., sold by Merrill Lynch, a loss that was aired publicly when HMC filed a lawsuit to recover the losses...
...When his efforts at containing communism through legislation failed, Lynch decided to meet the professors on their own turf. In December, 1950 a debate was held in Emerson Hall between Lynch and alleged reducator, History Professor Arthur M. Schlesinger Jr. '38. The topic was "How to Combat Communism...
...even as Lynch targeted Harvard for its politics, the University was preparing for a major expansion that lasted throughout the 1950s...