Rodent Regatta

During the period mentioned Jack participated in many conference calls and analysts’ meetings at Level 3. No doubt he was ”covering” the rest of the pack at the same time. While I detest the notion that the government can solve corporate problems, there is an issue here that is either going to get solved between the investment bankers and the analysts or some rules-based entity is going to have to step in. The dot com bubble had far to many instances of analysts hyping a stock issue while his or her firm was backing the IPO. At that point it’s a fair question to ask which ”hat” he or she is wearing!

ANALYST JACK GRUBMAN was instrumental in making key management and business decisions at Global Crossing for two years after the firm went public in August 1998. [Wall Street Journal]