Daniel Scotto
Encyclopedia
Daniel "Dan" Scotto is an American
financial analyst
. In August 2001, as an analyst with BNP Paribas
, Scotto downgraded Enron
securities from "Buy" to "Neutral". He took this action four months before the Enron accounting scandal
was revealed that led to the company's bankruptcy. Scotto claims that he was fired due to this decision, a claim that is disputed by BNP Paribas. According to the March 2002 Publication of Infrastructure and Financial Markets Review (page 9), the Enron report “All Stressed-up… And No Place To Go” issued by Dan Scotto was characterized by BNP Paribas as “we don’t think it was a good recommendation or a reasonable one.” At the time Enron’s stock was trading at in a range of $35 to $40 per share which “…provided investors with a good opportunity to cut their losses.” Daniel Scotto has been indoctrinated into Beta Gamma Sigma
by Pace University as the 2008 Honoree for exemplifying the ideals of Beta Gamma Sigma.
For nine consecutive years Dan Scotto was named the Top Bond Analyst in the United States as measured by Institutional Investor Magazine, an achievement no other analyst has surpassed.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
financial analyst
Financial analyst
A financial analyst, securities analyst, research analyst, equity analyst, or investment analyst is a person who performs financial analysis for external or internal clients as a core part of the job.-Job:...
. In August 2001, as an analyst with BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
, Scotto downgraded Enron
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 22,000 staff and was one of the world's leading electricity, natural gas, communications, and pulp and paper companies, with...
securities from "Buy" to "Neutral". He took this action four months before the Enron accounting scandal
Enron scandal
The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world...
was revealed that led to the company's bankruptcy. Scotto claims that he was fired due to this decision, a claim that is disputed by BNP Paribas. According to the March 2002 Publication of Infrastructure and Financial Markets Review (page 9), the Enron report “All Stressed-up… And No Place To Go” issued by Dan Scotto was characterized by BNP Paribas as “we don’t think it was a good recommendation or a reasonable one.” At the time Enron’s stock was trading at in a range of $35 to $40 per share which “…provided investors with a good opportunity to cut their losses.” Daniel Scotto has been indoctrinated into Beta Gamma Sigma
Beta Gamma Sigma
Beta Gamma Sigma or ΒΓΣ is an honor society for business students and scholars. Founded in 1913 at the University of Wisconsin, it has over 650,000 members, selected from over 500 chapters in AACSB-accredited business schools...
by Pace University as the 2008 Honoree for exemplifying the ideals of Beta Gamma Sigma.
For nine consecutive years Dan Scotto was named the Top Bond Analyst in the United States as measured by Institutional Investor Magazine, an achievement no other analyst has surpassed.