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To: Jay8088 who wrote (18459)	9/26/1998 3:26:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Brown, who now runs a bank-stock portfolio for hedge-fund manager Tiger Management Corp., says DLJ offered him $450,000 for a five-year agreement not to talk about the firm. He declined. A DLJ spokeswoman said ex-employees who ask for or get more than the typical two weeks' severance package are always asked to sign a ''nondisparagement'' agreement, a common practice on the Street. As for the dismissal, Research Director Susan L. Decker says it resulted from ''a longstanding and acrimonious conflict with colleagues in the institutional-equities division. It had nothing to do with any other department in DLJ.'' Whatever the reason for the dismissal, Brown's unvarnished analysis will be missed. Indeed, analysts who try to provide an honest and unconflicted opinion are becoming scarcer and scarcer on Wall Street. If there ever was a time when investors could use straight talk, it's now. A runaway bull market glosses over a multitude of analysts' sins. But in today's unforgiving market, probing analysis and intellectual honesty can make the difference between plump profits and gut-wrenching losses.