and Financial Engineers
Looking at the Bright Side (Banking on the Dark Side)
What used to be a conflict is now a synergy. Someone like me,
who is banking-intensive, would have been looked at disdainfully
by the buy side 15 years ago. Now, they know that I’m in the flow
of what’s going on.
—Jack Grubman, telecom analyst, Salomon Smith Barney
America’s love affair with the dot-coms had come crashing to a halt a few months earlier, but it was still the summer of love for other New Economy players on the make. Witness the flirtatious e-mail exchanges between Frank Quattrone, a Credit Suisse First Boston (CSFB) banker, and Michael Dell (founder of Dell Computers) as they discussed the prospects for a “relationship” in July 2000. Two