Word: spitzers
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Dates: during 2000-2009
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...problems came to light last week when New York attorney general Eliot Spitzer, who has made a career out of reading Wall Street's dirty email, asserted that "dozens" of "very substantial" fund companies are tolerating practices that rob everyday investors of more than $4 billion a year. Spitzer blew open the lid on bogus stock research last year after uncovering e-mail showing that some analysts didn't believe their own advice. Now he's nailing fund executives who--in their email--gave the O.K. for special treatment in return for large fees...
...behavior is "outlandish and criminal," Spitzer told TIME. "You go to jail...
...supporters. "Chuck has very good judgment, often in tough business situations," says Robert Greenhill, the veteran investment banker who ran Smith Barney and worked with Prince in the mid-1990s. Prince also wins high praise from his adversary in the stock research dustup, New York Attorney General Eliot Spitzer. Late last December, Spitzer was trying to wind up a $1.4 billion settlement with 10 brokerages (including Citi) that had been accused of misleading clients with faulty stock research. Spitzer feared that the talks were losing steam, so one morning he insisted that the major firms send to his office someone...
...forged a long run of acquisitions--all negotiated by Prince--from Primerica to Travelers to Shearson to Salomon Brothers to Citicorp. Prince gained the upper hand as Weill's successor last year when Weill asked him to run the firm's investment banking business and get Citi out of Spitzer's cross hairs...
...mother's house. Carmack was finally caught running from his car to the front door and was served with a complaint. Now out on bail, he has been found liable in a $16.4 million civil lawsuit by EarthLink. Charges of criminal fraud filed by state attorney general Eliot Spitzer are still pending. "There are many more like Carmack," Spitzer warns. "This sends a message that we are pursuing them." Spitzer, a man who knows how to put himself in the spotlight, was the avenging angel of Wall Street last year. Now he is on a cybercrusade against spam...