Shop

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.

This file is not available for digital download. IRE members may place an order by emailing rescntr@ire.org