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So Much for the Little Guy

机译:小家伙这么多

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摘要

On March 23, Candace Browning, the head of global securities research at Merrill Lynch & Co., sent a letter to the firm's institutional brokerage clients notifying them of big changes coming: Research reports would no longer be available to anyone other than paying clients, and licensing agreements were to be tightened to ensure that Merrill's work would not be redistributed without the firm's getting paid for it. The measures, Browning wrote, were designed to protect Merrill's work from being "Napsterized," or spread around the Web to a wide array of people who don't pay for it. Late last month the firm followed by restricting media access to many of the reports generated by its analysts.
机译:3月23日,美林证券(Merrill Lynch&Co.)全球证券研究负责人Candace Browning向公司的机构经纪客户致信,通知他们即将发生的重大变化:研究报告将不再提供给付费客户,许可证协议将收紧,以确保美林的工作不会在没有得到公司报酬的情况下重新分配。勃朗宁写道,这些措施旨在保护美林的作品免遭“困扰”,或防止其在网络上传播给不为此付费的人们。上个月末,该公司限制了媒体访问其分析师生成的许多报告。

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