Daniel Scotto
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| Daniel Scotto | |
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| Born | September 14, 1952 New York City |
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| Occupation | Chairman & CIO, [Whitehall Financial Advisors LLC] |
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Daniel "Dan" Scotto is an American financial analyst. In August 2001, as an analyst with BNP Paribas, Scotto downgraded Enron securities from "Buy" to "Neutral".[1] He took this action four months before the Enron accounting scandal was revealed that led to the company's bankruptcy. Scotto claims that he was fired due to this decision, a claim that is disputed by BNP Paribas.[1] According to the March 2002 Publication of Infrastructure and Financial Markets Review (page 9), the Enron report “All Stressed-up… And No Place To Go” issued by Dan Scotto was characterized by BNP Paribas as “we don’t think it was a good recommendation or a reasonable one.” At the time Enron’s stock was trading at in a range of $35 to $40 per share which “…provided investors with a good opportunity to cut their losses.”
For nine consecutive years Dan Scotto was named the Top Bond Analyst in the United States as measured by Institutional Investor Magazine. An achievement that no other analyst has surpassed.
[edit] References
- ^ a b English, Simon. "Whistle-blower sent off", Telegraph.co.uk, Telegraph Media Group, 2002-01-29. Retrieved on 2008-04-09.
- Feature Article on Dan Scotto in The Wall Street Journal January 29, 2002
- Fast Company Article Refrencing an interview by NBC's Matt Lauer
- http://archive.pulp.tc/electric_perfect_storm.pdf New York's Perfect Storm An Industry in Crisis:The Financial Condition of Electric Generating Companies in New York State
- Infrastructure and Financial Markets Review (page 9) March 2002[2]
[edit] External links
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