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Article: Hall of shame. (Comment).(recent corporate financial scandals)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jack Grubman, the controversial Salomon Smith Barney analyst who long has been hyping WorldCom and other telecom stocks, had the misfortune of being ambushed on a New York sidewalk last Wednesday by a CNBC reporter. "Why are you harassing me?" Grubman shouted to the reporter who kept peppering him with questions on what he knew about WorldCom--and when.
As Grubman tersely responded, occasionally punctuating his answers with claims of invasion of privacy, viewers could almost feel sorry for the guy, until of course, they're reminded that Grubman is under investigation for his chummy relationship with ex-WorldCom boss Bernard Ebbers. He was about to be subpoenaed ...