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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.36+2.2%12:42 PM EST
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To: Victor Lazlo who wrote (148275)9/30/2002 10:35:08 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
I have a far better and more appropriate idea. Let's put those that commited libel and slander in their analyst reports, etc. to get bank underwriting business in prison for a minimum of twenty years. Also, all those that were aware of this behavior but did nothing about it. That is what should be done. Taking the shareholder's money to pay a fine for libel and slander is punishing the incorrect people. This should have been done with Merrill as well.

How is paying a fine hurting Grubman, Blodgett at Merrill, and many other officers hurting the perpetrators??

"Citigroup Inc. offered to create a new, separate research company within its financial empire as part of a global settlement with regulators investigating allegations that its Salomon Smith Barney unit misled investors by hyping the stock of investment-banking clients, people familiar with the matter say.

The proposal was made Friday to officials at the Securities and Exchange Commission and the National Association of Securities Dealers, Wall Street's self-regulatory agency, by Citigroup's lawyers. The offer is aimed at quickly concluding a myriad of investigations into the business practices of its investment-banking unit during the stock-market bubble of the late 1990s"

online.wsj.com
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