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Member Number: 7424
Frank Quattrone (born 1956) is a former investment banker at Credit Suisse First Boston who helped bring dozens of companies public during the 1990s tech boom, including Netscape, Cisco, and Amazon.com. Later he was prosecuted for interfering with a government probe into Credit Suisse First Boston's behavior in allocating "hot" IPOs. The case was eventually dropped. He was earning roughly $160 million a year during his peak at the firm.
Quattrone grew up in Philadelphia and attended St. Joe's Preparatory school on an academic scholarship. He was admitted to the Wharton School of the University of Pennsylvania and graduated with honors. Following business school at Stanford University, he began work at Morgan Stanley's technology investment banking group.
In 2003, Quattrone was confronted with evidence of allegedly-incriminating emails in a widely publicized series of trials. From the beginning, astute commentators saw the evidence of criminality as very thin. The first trial resulted in a hung jury. The second trial resulted in a conviction. Partially based upon the Supreme Court case Arthur Andersen LLP v. United States
Quattrone's conviction based on erroneous jury instructions. WSJ.com (sub. req'd) Bloomberg.com (no sub. req'd) The appeals court also agreed with the defense that in the interest of justice, subsequent proceedings should take place in front of a different judge.
On August 22 2006, Quattrone reached a deferred prosecution deal and will not face prison time, "leading legal observers to label the agreement an exoneration." The National Association of Securities Dealers also dropped their charges. He now "plan[s] to resume [his] business career." According to reports, Mr. Quattrone will receive $100 million to $550 million in overdue compensation, so long as he abides by an agreement and does not break the law for a year. Credit Suisse already paid for Quattrone’s legal costs.
Quattrone was one of the highest profile Wall Street bankers to face prison since Michael Milken, the Drexel Burnham Lambert junk bond king of the 1980s.
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Mentor Hires Goldman's Woodruff to Fend Off Cadence Seeking Alpha, NY - The loser in the Cadence-Mentor battle appears to be Frank Quattrone. The former star investment banker from Credit Suisse Group returned to dealmaking ... |
High profile adviser for Mentor? EETimes.com - The Oregonian reported that Frank Quattrone attended the Mentor's stockholders meeting held on June 19th. Quattrone is the well known investment banker who ... |
Mentor hires advisors for Cadence bid EETimes.com - Reports surfaced that Frank Quattrone attended the Mentor's recent stockholders meeting. This prompted speculation that Quattrone could be an advisor to ... |
 TopNews | Ex-Bear Stearns Fund Managers Indicted for Fraud (Update1) Bloomberg - Former Credit Suisse Group banker Frank Quattrone was accused in 2003 of hindering the government's probe of Zurich-based Credit Suisse. ... Video: 2 Former Bear Stearns Executives Arrested Bear Stearns Defendants Showed Disregard for E-Mail Risks A Bear Case for Smart Folks Who Write Dumb E-mail: Ann Woolner |
Using employees' emails against them Sydney Morning Herald, Australia - Take Frank Quattrone, the investment banker from Credit Suisse First Boston who sent an email to his staff with the subject line: "Time to clean up those ... |
Grasso, Knight Equity (Others?): The Summer of Vindication? Wall Street Journal Blogs, NY - After all, beating the government ain’t easy, and, even if the below wins don’t amount to Frank Quattrone or Arthur Andersen (criminal stuff), ... |
Cases mattered because of how they lingered Globe and Mail, Canada - In 6 1/2 years, Wall Street investment banker Frank Quattrone was investigated, charged with obstruction of justice, tried twice, and ultimately exonerated. ... Action is good but speed would be better |
Saturday morning business roundup The Oregonian - OregonLive.com, OR - Frank Quattrone, the former star investment banker who fought off obstruction-of-justice charges, took a seat at the meeting held on the Wilsonville ... |
Valuing Facebook CNNMoney.com - It’s undoubtedly a healthy development, as folks like Eliot Spitzer, Frank Quattrone, and the two former fund managers at Bear Stearns assuredly would ... |
A financial services company, through its subsidiaries and ... Conde Nast Portfolio, NY - He flew halfway across the country to meet Frank Quattrone, a company star, only to open the negotiation by threatening to tear up Quattrone’s contract. ... |
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