“It’s a whore business,” an Alex Brown veteran said to me last winter. “When I was on the desk, I’d look up and see these guys on TV or in the paper touting stocks that I knew for a fact they were looking to dump. These were not nitwit analysts. These were senior guys at brand-name firms. They had no qualms about it. It was just what you did to get out of a losing position. And I’ll tell you this: It’s everyday commonplace. It happens every day on TV, in the papers.”

Read more, from John Ellis’s latest piece in Fast Company.

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