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1990: Analyst Who Criticized Trump Casino Is Ousted
Analyst Who Criticized Trump Casino Is Ousted
An analyst who refused to retract negative comments about the financial prospects of Donald J. Trump's Taj Mahal casino has been dismissed by his Philadelphia brokerage firm. The move caused an outcry in the financial analysts' community, which bristles at any suggestion that investment analysts are not free to criticize potential or current corporate clients.
The action came after Mr. Trump threatened to sue the firm unless it either forced the analyst to recant and apologize, or dismissed him.
The firm, Janney Montgomery Scott, has denied that its move was prompted by Mr. Trump's threats.
''We have had a number of calls from analysts around the country who are very concerned about this,'' said Alfred Morley, president of the Association for Investment Management and Research, in Charlottesville, Va., the national organization representing financial analysts. ''Their basic concern is, Is the analyst's responsibility in jeopardy because of an outside influence?''
https://www.nytimes.com/1990/03/27/business/analyst-who-criticized-trump-casino-is-ousted.html
An analyst who refused to retract negative comments about the financial prospects of Donald J. Trump's Taj Mahal casino has been dismissed by his Philadelphia brokerage firm. The move caused an outcry in the financial analysts' community, which bristles at any suggestion that investment analysts are not free to criticize potential or current corporate clients.
The action came after Mr. Trump threatened to sue the firm unless it either forced the analyst to recant and apologize, or dismissed him.
The firm, Janney Montgomery Scott, has denied that its move was prompted by Mr. Trump's threats.
''We have had a number of calls from analysts around the country who are very concerned about this,'' said Alfred Morley, president of the Association for Investment Management and Research, in Charlottesville, Va., the national organization representing financial analysts. ''Their basic concern is, Is the analyst's responsibility in jeopardy because of an outside influence?''
https://www.nytimes.com/1990/03/27/business/analyst-who-criticized-trump-casino-is-ousted.html
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