Robert L. Bradley Jr. was a long-time employee of Enron Corporation, the collapsed corporate giant. During the company’s last seven years he served as speechwriter and regulatory advisor for Ken Lay, Enron’s CEO, who was convicted on May 25, 2006, on multiple counts of fraud and conspiracy.
“You’re right to point out the contrast I make between capitalism and morality.” So said New York Times columnist John Tierney in response to my 2002 article about his ongoing efforts to defend free markets. I had called my piece “Two Cheers for John Tierney,” because, after praising the libertarian columnist, I took him to task for the ethical sentiment embodied in one of his headlines: “Good? No, But Greed Is Useful.” “That expresses Tierney’s view perfectly,” I wrote.
Eliot Spitzer became the attorney general of New York in 1999. In addition to carrying out the routine functions of that office, he has used a broad anti-fraud statute to conduct a series of aggressive and well-publicized campaigns against businesses, most notably in the financial industry. His purpose in these campaigns has not been the narrow one of punishing law-breakers. Rather, he has sought a sweeping restructuring of the business landscape in order to make it accord with his moral vision, as though he were a religious dictator suddenly transplanted from the Middle East to Manhattan.
In this interview, we take a look at the outrageous punishment imposed on Quattrone in November 2004 by the National Association of Securities Dealers (NASD) and at the even more outrageous basis for that punishment: a lifetime banishment from the securities industry based on Quattrone's invocation of his Fifth Amendment rights. Kenneth G.
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.


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