This is a business of reputation, and when chief executives are making MA decisions that could affect their own career paths, they don't want to take a chance.
More Quotes from Brad Hintz:
While we expect the operating environment to remain positive for the securities firms throughout 2006, we feel that much of this 'good news' is already priced into the brokerage stocks.Brad Hintz
It doesn't take a lot of people to run this business. It certainly takes very little amounts of capital, and as you gain more and more assets, your margins expand.
Brad Hintz
(A.G. Edwards) brokers are not going to be happy about this, but they know the problems in their industry.
Brad Hintz
This seems to be a case of Mack wanting to put his own team together, ... Stepping back, we'll have to wait and see if Mack is only targeting heads of troubled business units or former Dean Witter people or if he's in the process of gathering an entirely new team. Only time will tell.
Brad Hintz
Merchant banking remains an exceptional business for the handful of Wall Street firms that have remained in it. Unfortunately, the disclosure of merchant banking portfolio positions is weak, and forecasting these gains is at best challenging.
Brad Hintz
When you are investing in J.P. Morgan, what you are really betting on is Jamie and Jamie's team, ... You are betting that Jamie's team of expense control czars are going to be able to fully integrate this business.
Brad Hintz
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Based on Topics: Business & Commerce Quotes, Chance Quotes, Reputation QuotesDisease, insanity, and death were the angels that attended my cradle, and since then have followed me throughout my life.
Edvard Munch
Man, as a physical being, is like other bodies governed by invariable laws.
Charles de Secondat
I never think of myself as an icon. What is in other people's minds is not in my mind. I just do my thing.
Audrey Hepburn