Jack Grubman was involved in which of the following activities at Citi?
A) Embezzlement
B) IPO allocations to clients
C) Negative analysis of WorldCom stock and performance
D) All of the above

Question

Quizplus · Accepted Answer

Jack Grubman was known for his involvement in allocating IPO shares to preferred clients, a practice that was part of the controversies surrounding his career. He was not publicly accused of embezzlement or publishing negative analysis specifically on WorldCom; instead, his overly optimistic analysis of telecom companies, including WorldCom, was a significant part of the scrutiny he faced.

Jack Grubman Was Involved in Which of the Following Activities