• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 10. How Investment Banks Inflate... > Who Brought Those Duds to Market?

Who Brought Those Duds to Market?

In an article entitled “Just Who Brought Those Duds to Market?” The New York Times wrote:

… many Wall Street investment banks, from top-tier firms like Goldman Sachs … to newer entrants like Thomas Weisel Partners … have reason to blush… Of course, investment banks that took these under-performing companies public may not care. They bagged enormous fees, a total of more than $600 million directly related to initial public offerings involving just the companies whose stocks are now under $1.

… How did investment banks, paid for their expert advice, pick such lemons?[59]


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint