Randall Smith’s THE PRINCE OF SILICON VALLEY traces the rise of the foremost banker of the internet stock market bubble, from the backstreets of South Philadelphia to the apex of the financial world, where he became the highest paid banker on Wall Street.
From THE PRINCE OF SILICON VALLEY
“It’s generally our practice, Quattrone said, “once an offering is completed, if we had taken things like notes as part of our due diligence process, to dispose of the notes prior to or subsequent to the offering once they no longer have any relevance.”
“Dispose of meaning destroy?” Staggs asked?
“Dispose of meaning dispose,” Quattrone answered.
Later in the session, he compared the procedure to discarding a “grocery shopping list once you’ve bought the groceries.”
When Jamail took up the questioning, Quattrone easily parried his questions, too. “You destroyed some stuff, didn’t you?” Jamail asked.
“We probably discarded some stuff,” Quattrone said.
“Well, discard, destroy. Is there a difference?” Jamail said.
“Yes,” said Quattrone.”