FINANCE

NY Times: Credit Suisse Suspends Star During Inquiry
Credit Suisse First Boston suspended Frank P. Quattrone, its star technology investment banker, yesterday after discovering e-mail messages that suggested he knew of regulatory investigations when he urged his co-workers to clean up their files.

According to people who have read the messages, Mr. Quattrone was informed on Dec. 3, 2000, of both a civil and grand jury investigation into the firm's practice of allocating shares of hot stock offerings to favored clients. The notice came from David Brodsky, who was the firm's general counsel for the Americas at the time.


Unsere Info:
Message from John Mack: Frank Quattrone

Dear Colleagues:

I’m writing to inform you that CSFB has placed Frank Quattrone, Head of CSFB’s Global Technology Group on administrative leave pending the completion of an internal investigation.

The Firm has taken this action for two reasons.

First, CSFB discovered information on Friday, January 31st that raised questions about Frank’s response to an inquiry last week by the Firm about whether he was aware of pending government investigations in 2000 when he sent an e-mail to employees regarding document retention issues.

Second, the new information raised questions about whether Frank acted appropriately in December 2000 when he sent that e-mail and permitted a subordinate to send a similar e-mail to employees.

For the past 18 months, I have supported Frank as Head of our Technology Group because there was no evidence in our earlier reviews of the IPO allocation and research independence issues that he had done anything improper. However, the information uncovered on January 31st raises questions that need to be fully investigated.

For that reason, CSFB is conducting a thorough investigation of the matter. We also have notified the appropriate government and regulatory authorities, and are cooperating fully with them.

CSFB remains deeply committed to serving the technology industry. We have long been the leader in technology-related investment banking and research, and our outstanding team of talented technology professionals will continue to provide the highest quality of service to help our clients grow and succeed.


Zur Anmerkung: Frank ist der Typ der bei der CS am meisten abcasht..so um die 20 Millionen pro Jahr