FastSaying
created a structure under which not just investment bankers but also research analysts and sales personnel all reported to him, and all devoted their efforts to securing for him an ever greater share of Silicon Valley's investment banking business.
Frank Quattrone
Investment
Research
Sales
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creating and overseeing a flawed organizational structure that undermined research analyst objectivity.
— Frank Quattrone
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We don't have sales trading, brokerage, capital lending - any of those kinds of things that got some of the Wall Street firms a little bit in trouble.
— Frank Quattrone
Any
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An element of it is investment driven but our research has found that most of it is from incredibly wealthy people who have done their homework and have become incredibly sophisticated buyers in a short space of time.
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Our research shows that as much as 15 percent of Sears store sales are influenced by customer research on Sears.com. That number is even higher for appliances -- as many as 20 percent.
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I did nothing wrong. I am confident that the investigation will show that.
— Frank Quattrone
Will