On January 27, Frank Quattrone told an appeals court that his case "illustrates what can happen when a routine e-mail is dissected out of context in the harsh glare of a courtroom." The statement was made in an appeal filed with the United States Court of Appeals for the Second Circuit.
In May 2004, Frank Quattrone, the star investment banker of the dot-com era, was convicted in federal court on two counts of obstructing justice and one count of witness tampering. He is scheduled to be sentenced on September 8 and faces up to twenty years in prison. What was the nature of Quattrone's alleged crime? He sent two e-mails, one of which endorsed a subordinate's recommendation that his colleagues carry out their firm's document-retention policy.
Many of the towering figures of the Industrial Revolution could well be described as "the compleat producer." Richard Arkwright, for example, invented radically new spinning machinery, applied waterpower to its operation, set up mills all over Great Britain, financed collateral inventions, and maintained a dominant position in the textile industry even after his patents were voided. He was the sort of inventor-engineer-capitalist-executive-marketer on which Ayn Rand based Hank Rearden.
Individualism as a moral doctrine includes the idea that individuals have a right to live for themselves to pursue their own happiness. It says: Each individual is an end in himself. And that means individualism is not compatible with altruism.

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