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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (30725)5/28/1999 3:51:00 PM
From: Proud_Infidel  Respond to of 70976
 
**OT**

I guess it would be too much to expect them to actually earn their seven digit salary by doing actual work......

Goldman fires analyst for plagiarizing
By Bloomberg News
Special to CNET News.com
May 28, 1999, 7:50 a.m. PT
Goldman Sachs fired a stock analyst, J.D. Miller, after learning he copied passages of a research report on E*Trade from a rival research firm.

Miller worked in Goldman's group that covers Internet stocks. He joined the firm from Prudential Securities less than a month ago and left this week.

"This is an unfortunate incident, we regret that it happened, and are taking swift and appropriate action to ensure it does not happen again," a Goldman spokeswoman said. "A new report has been issued and the associate responsible has been dismissed."

Goldman's 18-page report on Palo Alto, California-based E*Trade, the No. 2 online brokerage, contained several sections matching a report on the company released in March by Putnam Lovell deGuardiola & Thornton, a New York investment bank. Miller was one of four authors of the Goldman report.

Among the similarities was a name misspelled the same way. The Goldman report was entitled "E*Volution," while Putnam Lovell's report was called "Leading the E*Volution."

A Putnam Lovell client noticed the similarities and called the firm, which contacted Goldman to point out the problem.

news.com