Research Subliminal messages

The rules governing interaction between investment banks and analysts at securities firms have been crystal clear ever since Eliot Spitzer slapped a $1.5bn settlement on Wall Street. But the rapport between analysts and money managers working within investment banks has received less scrutiny. Is this cause for concern? The issue emerged last week as a result of a proxy contest that Morgan Stanley’s asset management unit is launching against the New York Times Co. The bank, which owns 7.6% of t...