I think Wall Street has it's newest scapegoat. It will keep the heat off Lay, Skilling and Fastow for a little longer. This, from NYTimes DealBook newsletter, a free email subscription product:
The once-celebrated analyst is now under fire for hyping WorldCom Inc., Global Crossing Ltd. and other telecom companies while they were clients of his investment firm, Salomon Smith Barney. Last week brought the revelation that Grubman wrote a $100,000 check to the Democratic Senatorial Campaign Committee--a check that was received the very day he was subpoenaed to testify before Congress.
So, did he think no one would find out? Did they, in fact, take the money? How much more clearly could a bribe stick out?
Incredible.
Astrogirl, you're all right. I stumbled on your website doing a web search for the Eckville shelter, and I can see you're an AT fan. Wherever you're headed, stay on the trail.
Posted by David Scranton at August 24, 2002 05:31 PM