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Ex-friends of Frank

机译：弗兰克的前朋友

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America today is not short of cor-porate scallywags. But historians may reserve a special place in the crowded gallery of rogues for Frank Quattrone. Mr Quattrone was an investment banker who wheeled and dealed his way through the 1990s and a string of evermore-generous employers to fame and fortune. But what really marked him out were his social talents. Mr Quattrone was a very friendly man. He had an apparently straightforward approach to making friends. His job was to find technology firms for his employers to sell via initial public offerings (IPOS) of shares. At 7% of the money raised, IPO fees are famously good business. Most of the newly issued shares, which typically soared in value on their first day of trading, went to the big investing institutions. But at Credit Suisse First Boston (CSFB), Mr Quattrone's employer since 1998, a few IPO crumbs fell into the laps of the brokers who worked alongside him. These brokers reportedly ran what were dubbed "Friends of Frank" accounts, opened on behalf of executives of valued tech-company and venture-capital clients that Mr Quattrone hoped to befriend. . Into these accounts went the fresh IPO shares. Then, once they had risen nicely, CSFB'S brokers would "flip" or "spin" them to less fortunate buyers, booking the profits for Frank's friends―a business gift, as they say in Saudi Arabia.
机译：如今的美国并不乏公司的水ally传。但是历史学家可能会在拥挤的流氓画廊中为弗兰克·奎特隆（Frank Quattrone）保留一个特殊的位置。 Quattrone先生是一位投资银行家，他在1990年代走过弯路，经营着自己的事业，他的一连串慷慨的雇主也为他赢得了名声和财富。但是真正使他与众不同的是他的社交才能。 Quattrone先生是一个非常友好的人。他的交友方式很简单。他的工作是为雇主找到技术公司，以通过首次公开发行股票（IPOS）进行出售。以募集资金的7％计，IPO费用是著名的好生意。大多数新发行的股票通常在交易的第一天就飙升，然后流向了大型投资机构。但自从1998年以来，Quattrone的雇主就一直在瑞士信贷第一波士顿信贷银行（CSFB）工作，但与他一起工作的经纪人却陷入了一些IPO困境。据报道，这些经纪人经营着被称为“弗兰克之友”的账户，这些账户是代表奎特隆希望与之交往的高科技公司和风险资本客户高管开设的。 。新发行的IPO股流入这些账户。然后，一旦它们表现良好，CSFB的经纪人就会将他们“翻转”或“旋转”给不太幸运的买家，为弗兰克的朋友们保留利润-这是他们在沙特阿拉伯所说的商务礼物。

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