ABSTRACT

It was a Monday morning in the spring of 1990, and Fred Garcia, head of public relations for the global investment bank CS First Boston, had just gotten a call from a business reporter for e New York Times. The reporter, with whom Fred had worked for several years, said that he had it from an impeccable source within First Boston that a young stock trader had just committed suicide because he was being investigated for insider trading. The reporter said he was calling for a statement, but that he did not need confirmation; the story would surely run in e New York Times the next day. Fred said, “I’ ll look into it and get right back to you.”