Confessions of a Wall Street Analyst (32 page)

A
uthor as college student studying Middle East politics: Here shown touring ruins of Troy (Ephesus, Turkey), Summer 1973.

O
ur home and daughters in Potomac, MD, 1988: “Ed took one look at the house and almost started laughing. ‘You ought to come to Wall Street and hit the big time,’ he said.”

B
ert C. Roberts, Chairman and CEO of MCI Communications announcing MCI’s merger with British Telecom, the largest cross-border merger ever at the time. The deal fell apart but Bernie Ebbers of WorldCom stepped in, taking over MCI and sealing Bert’s and MCI’s fate November 3, 1986. (
AP/Wide World Photos)

A
uthor (right) and Ed Greenberg, Morgan Stanley’s telecom analyst, with chauffeur and Bentley hired by Morgan Stanley to shuttle us between meetings with European investors. November 1988. Six months later, Ed convinced me to take over his job at Morgan Stanley.
(Jim Hayter)

A
uthor (left), Dan Akerson, MCI’s CFO (middle), and Jim Hayter, MCI’s Director of Investor Relations, in Zurich, Switzerland, taking a break between meetings with Swiss institutional investors. November 1988.
(Jim Hayter)

J
ohn Mack, President of Morgan Stanley, CEO of CSFB and now CEO of Morgan Stanley. “Sure John,” I said. “How can I say no to an invitation from John Mack?”
(AP/Wide World Photos)

A
rthur Levitt, SEC Chairman 1993-2001. Levitt may have made speeches about analyst conflicts of interest but, on his watch, the SEC issued the “No Action Letter” that propelled analyst conflicts to new heights.
(AP/Wide World Photos)

“T
he Siskel & Ebert of Telecom Investing.” The
New York Times
Sunday Money & Business section featured a front page article contrasting Jack Grubman’s and my styles and opinions. February 4, 1996.
(New York Times)

“J
ack Grubman and Dan Reingold say they like each other. You’d never know it from the hand grenades they toss back and forth.”
(
Mark Landler,
New York Times)

E
vangelist for the Internet: Jim Crowe, CEO, Level 3 and (previously) CEO, Metropolitan Fiber Systems (MFS). Jim tried to turn me into an Internet believer but I just didn’t “get it.”
(AP/Wide World Photos)

A
savior’s arrival? Mike Armstrong is welcomed by Bob Allen, AT&T’s outgoing Chairman and CEO. October 20, 1997.
(AP/Wide World Photos)