Conflicts

28 June 2002


became obvious when we learned accounting firms were also providing consulting advice. Similar conflicts have been obvious between stock analysts and stock brokers. Until there are clear lines separating these two, no broker or analyst will get a fair hearing – no matter what he or she is suggesting!
That assumes we’re talking about someone who doesn’t have any other ax to grind. Here’s a guy who seems to be completely uncertain about his role!

Timing of a Rating Shift Is Raising Some Questions. Stock analyst Jack B. Grubman is caught in the spotlight as government investigators dig in to the accounting mess at WorldCom. By Patrick Mcgeehan. [New York Times: Technology]

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