For you optical heads out there, Quattrone was a mover and a shaker behind the Corvis IPO, which was underwritten by CSFB. (See Corvis IPO Terms Increased.)
I lost track of the story after the 15th in a series of legal actions -- guilty verdict, hung jury, mistrial, etc. But now I've just read on CNBC that not only will Quattrone walk, as charges against him will be dropped if he abides by the terms of a deferred prosecution agreeement, but his ex-employer, Credit Suisse , will have to pay him $120 million in back pay!
Go get 'em, Frank! You can say a lot of things about Quattrone, but you can't say he ain't got game. I mean, that is the deal of the century: from jail to free with $120 million in severance. In case you didn't follow, here's the progression:
Oh boy. Stay tuned for the next Frankenbubble
— R. Scott Raynovich, Editor in Chief, Light Reading