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Keyword: jackgrubman

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  • WEILL, GRUBMAN MUST FACE SUIT (faked rating to get kids into elite nursery school)

    12/04/2004 1:35:28 AM PST · by Liz · 28 replies · 1,928+ views
    NY POST ^ | 12/4/04 | HOLLY SANDERS With Post wire services
    Citigroup Chairman Sanford Weill and former star telecom analyst Jack Grubman are headed for court. A federal judge ....will allow a lawsuit to proceed that claims Citigroup's brokerage unit, Salomon Smith Barney, Weill and Grubman misled investors by issuing false and overly optimistic research reports on AT&T Corp........(and) alleges Weill urged Grubman to take a "fresh look" at his lukewarm (ATT) stock rating ......in order to win lucrative investment banking business. Grubman raised his rating on AT&T from "neutral" to "buy" in late 1999. The suit claims the timing was more than suspect, when in January 2000, Salomon won a...
  • Beleaguered Telecommunications Analyst Resigns

    08/15/2002 4:41:12 PM PDT · by GeneD · 10 replies · 184+ views
    Filed at 7:17 p.m. ET NEW YORK (AP) -- Jack Grubman quit Thursday as telecommunications analyst for Salomon Smith Barney amid growing controversy over his alleged conflicts of interest in touting the shares of WorldCom, Global Crossing and other fallen companies. In announcing the departure to employees, the company defended the powerful, money-making analyst's work and integrity, but made no mention of the embarrassing investigations into his dual role as stock picker and dealmaker now being conducted the government and securities industry. ``Jack and I agree that recent events have made it difficult for him, both personally and professionally, to...