In this clip from The Call @ Hedgeye, Industrials analyst Jay Van Sciver highlights the lowlifes with Hedgeye CEO Keith McCullough. Watch as they discuss the biggest Old Wall failures, con artists, and criminals they have encountered during their time on Wall Street.
“The one that made me want to take a shower the most was Mark Swartz (ex-CFO of Tyco),” explains Van Sciver. “The one that was sort of the most shocking and frustrating over time was obviously General Electric (GE). . . that was a culture in terms of a whole company that went awry, that awarded sociopathic behavior.”
“Why did you never have a heads up on Tyco, GE, Enron, or Linn Energy? Go down the line and go on and on. Why? Because they pay their bills. They’re their advertisers. It’s so simple.” states McCullough.
(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)