The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or firstname.lastname@example.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast.
These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or email@example.com) where a researcher can help you pinpoint what you need.
Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "Credit Suisse First Boston" ...
The Florida Trend looks at the controversies that have teared apart the "once a billion-dollar family empire that encompassed Sunkist juice, Peoples Gas, Lykes hot dogs and meats, First Florida Banks and half-a-million acres of cattle ranches" in Florida. The story reports how 81 Lykes family shareholders have "dragged the once-formiddable, and always private Lykes Bros. company into court over their fair share of a shrunken empire." The author finds that regardless of the lawsuit's outcome, the future of the company is at risk.
The Fortune Magazine investigates the business of Frank Quattrone, "the top investment banker in Silicon Valley", whose firm has become "exhibit A in a probe of shady IPO deals." The story describes how Quattrone "came to personify ... the wildly speculative Internet bubble." The authors reveal that Quattrone's actions have involved Deutsche Morgan Grenfell and Credit Suise First Boston into risky operations. The story sheds light on the federal investigations of six East Coast sales and trading officials facing "charges for taking inflated commissions - essentially kickbacks - in exchange for doling out hot tech IPO shares in 1999 and 2000."
Business Week looks at how "America's top financial firms reaped billions from the Net boom, while investors got burned." The investigation reveals that some of the best respected investment bankers - Merrill Lynch, Robertson Stephens, Credit Suisse First Boston and Goldman Sachs - have stayed "behind some of the biggest losers," but still have profited, as "they took their cash up front, grabbing a slice of the dough raised in IPOs." The story details how venture capitalists have neglected old rules of thumbs and - in the words of one venture fund manager - "shamelessly took companies public that never should have been taken public." The report also exposes analysts' lateness in downgrading the stocks of the failing Internet companies.
A Fortune investigation examines how analysts on Wall Street have become "stock boosters, often serving as liaisons between the companies they cover and the investing public." The report profiles Mike Mayo, a star analyst at Credit Suisse First Boston, who "thought he could change the ratings game on Wall Street ... and tell people to sell stocks that were headed for a meltdown." The story details how in the spring of 1999 Mayo put a sell on bank stocks, stirring the ire of portfolio managers and bank executives, and got fired in the fall of 2000, shortly after his company announced plans to acquire another brokerage house. The author draws the conclusion that "if a top-rated, thoroughly respected analyst earning a seven-figure salary with a name brand firm can take this kind of career hit, Wall Street's legions of lower-profile analysts have little hope of summoning the courage to shout "Sell!" on a given stock or sector."