The Prince of Silicon Valley: Frank Quattrone and the Dot-Com Bubble
| Author | : | |
| Rating | : | 4.43 (717 Votes) |
| Asin | : | 0312555601 |
| Format Type | : | paperback |
| Number of Pages | : | 384 Pages |
| Publish Date | : | 2015-12-28 |
| Language | : | English |
DESCRIPTION:
But after the bubble burst, the hot stocks cooled and ordinary investors lost billions. 'The Prince of Silicon Valley' is an absorbing noir detective story of the investigations and trials that brought him to the brink of disaster.. During the bubble years of 1999 and 2000, his California-based technology banking group led the most hot initial public offerings, which lifted the entire stock market to record heights. But the story of his fall from grace, however temporary, remains a cautionary tale of ambition gone wrong--of a Wall Street Icarus who flew too close to the sun. It emerged that brokers in Quattrone’s firm had created lucrative investment accounts, stuffed with hot IPOs, for banking clients who became known as “Friends of Frank.” Some of the brokers, regulators charged, cut off other investors who refused to pay back a share of their IPO profits. And so Quattrone and his firm became embroiled in no less than four different investigations of bubble-related misconduct, culminating in two criminal trials against Quattrone for obstruction of justice, the first resulting in a mistrial, the second in a conviction in 2004. From Cisco to Netscape to , Frank Quattrone took some of the biggest names in technology public. RISE, FA
The man behind some of the hottest technology IPOs of the decade, Quattrone's rise from South Philly street tough to the highest echelons of the banking industry, and the questionable practices that took him there and ultimately landed him in court for obstruction of justice, is the stuff of modern-day myth. From Publishers Weekly There is probably no single figure better suited to embody both the successes and excesses of the late 1990s tech bubble than Credit Suisse First Boston technology banking leader Frank Quattrone. All rights reserved. (Jan.)Copyright © Reed Business Information, a division of Reed Elsevier Inc. While an important and frequently compelling account, the book conveys little about the central personalities and reads very much like the court transcripts upon which it is based. . Unfortunately, in the hands of Wall Street Journal reporter Smith, Quattrone's story is buri
A must-read cautionary tale in business ethics As the hot stocks offered by social media start-ups revive speculative fever on Wall Street, take time to read this wise and cautionary tale of the "dot.com" bubble that collapsed as the current century began. It should be required reading in every business ethics course in the nation's universities.This book was five careful years in its research and writing but was mostly overlooked when it was published because the book's principal focus -- street-smart Frankie Quattrone of Philadelphia who became the boldest and most successful investment banker doing Interne