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If Microsoft does nothing to fix the problem in a timely manner, that is wrong and makes for poor business...- Anonymous
UPDATE: Eliot Spitzer earlier today announced his resignation as governor of New York.
Eliot Spitzer, the disgraced New York governor making headlines this week for being linked to a prostitution ring, is perhaps best known for his aggressive takedown of unethical Wall Street firms during his days as attorney general. But the former prosecutor also played a big role in cleaning up the high-tech and network industries.
Network World even named Spitzer one of its 50 Most Powerful People in Networking in 2002. We wrote:
"This sheriff of Wall Street has demonstrated serious zeal in uncovering conflicts of interest among financial services firms that potentially hurt investors. He's been digging into Citigroup's Salomon Smith Barney investment banking unit and in particular the work of Salomon telecom analyst Jack Grubman, who is suspected of recommending stocks to help win banking business….. The Democratic attorney general handily gained reelection in November. Industry watchers don't expect this political up-and-comer to stop there."
Here's a look back at some of Spitzer's higher-profile tech industry efforts, documented in the pages of Network World and our sister publications:
• In 2006, Spitzer was among a slew of attorneys general filing a joint antitrust lawsuit against seven dynamic RAM makers over alleged price fixing. Spitzer said at the time that the alleged conspiracy added at least $1 billion to the cost of the memory chips.
• Spitzer in 2005 and 2006 went after alleged spyware companies Intermix Media and Direct Revenue LLC. Both companies disputed Spitzer's charges, though both companies' names also came up in a class action lawsuit filed in 2006 by an antispyware activist and lawyer named Ben Edelman, who accused Yahoo of placing advertisements on spyware-vendor and "low-quality" sites. By the way, Spitzer in 2003, helped to get Yahoo to change its marketing policy after getting slapped for telemarketing and e-mail campaigns directed at people who had asked not to be contacted.
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People Who Live In Glass Houses Shouldn't Throw Rocks!By Anonymous on March 12, 2008, 1:53 pmWhat an arrogant stupid man! He apparently feels that he was above the law! To quote Lord Acton: "Power tends to corrupt, and absolute power corrupts absolutely"
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My only regret...By Anonymous on March 12, 2008, 10:54 amMy only regret is that Jack Grubman didn't get prosecuted and sent to jail with his buddy Bernie. For anyone who lost money in the $4 Trillion telecom debacle should...
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New York -- morally corrupt.By Anonymous on March 11, 2008, 8:56 pmFor as long as New Yorker's stand by the Clinton's and the Spitzer's of the world -- they will remain morally corrupt.
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What goes around...By Anonymous on March 11, 2008, 7:42 pmcomes around... He grandstanded on items that not only could have been handled by legislation, it SHOULD have been.
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