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| Tekijä: | Celarier, M. |
| Otsikko: | Who is pulling the strings? |
| Lehti: | Euromoney
1996 : APR, 4, p. 40-45 |
| Asiasana: | RESEARCH INVESTMENT BANKS INVESTORS |
| Kieli: | eng |
| Tiivistelmä: | Noone believes that investment bank research is fully independent. As competition and costs escalate, the pressure on analysts to hawk deals and withhold negative views is intensifying. While some analysts get rich in the new environment, many have quit, and investors have turned to their own and third-party research. After 15 years spent working as a Wall Street analysit, "the tremendous conflict of interest" Joyce Albers felt between her responsibility to investors and the demands of her firm's investment banking clients finally convinced her to leave. |
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