El -
As I think you know, in my day job, more than half of my clients are on Wall street, primarily CSFB, GS and ML. Although most of my contacts are IS guys, I do occasionally talk to the financial guys. Since Pfeiffer was fired, I have gotten a fair amount of feedback about Ben Rosen and he has one of the best reputations around.
A senior guy at GS said "In 30 years he has never given me a misleading statement. If he can't tell the truth, he will just say nothing. He has too much on the line with all of us to do anything which would damage his credibility".
A similar comment from one of the top guys at a CSFB portfolio management team - "Ben could have been in here hyping the company and the turnaround but instead he just said: stick with us, we'll fix it, there's not anything wrong with the base business. Watch us work and see if we don't convince you."
Those comments were before Capellas was appointed, but I doubt that Rosen's credibility has gone down. CPQ is a different matter - most folks are playing wait and see, with good reason.
I can't see even a single instance of either Capellas or Rosen saying anything that was untrue or even in the gray area. Can you give me a link or quote where you felt that they lied? I think you were reading something into their comments that just was not implied. |
