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Until recently the big Wall Street firms had conducted inves

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Until recently the big Wall Street firms had conducted investment research
until recently the big Wall Street firms had conducted investment research by spending millions of dollars on star analysts and then charging part of their salaries to their stockbrokerage departments, which shared the analysis with their best customers, and part to their investment banking business, which sometimes used glowing analyses of a company to lure its banking business.
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直到最近,华尔街大公司仍花几百万美元聘用明星分析员进行投资分析.这些分析员薪水的一部分来自这些公司的证券经纪部门,证券经纪部门与他们最好的客户分享这些分析成果,另一部分薪水来自这些公司的投资银行业务部门,这一部门使用这些经包装的公司分析成果招揽投资银行业务.