In January 2000, Jack Grubman was at the top of his game
his unwavering belief that investors could make a bundle investing in a handful of new, high-tech telephone companies—was celebrated in all its glory.
the top telecommunications analyst at Salomon Smith Barney, the prestigious investment-banking arm of the massive Citigroup financial empire,
Grubman’s real power was not just as an analyst who recommended what stocks investors should buy. He was a deal maker,
this dual role that made him one of the highest paid executives on Wall Street, earning as much as $25 million in 1999 alone.
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