Hutton Branch Manager (D)

Lynn S. Paine; Jane Palley Katz

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Case | HBS Case Collection | August 1995

Hutton Branch Manager (D)

by Lynn S. Paine and Jane Palley Katz

Abstract

Describes the actions taken by E.F.Hutton management in response to the Bell Report, a study prepared by former Attorney General Griffin Bell and his law firm after Hutton pleaded guilty to 2,000 counts of mail and wire fraud in connection with its cash management practices. Developments leading up to the 1988 purchase of Hutton by Shearson Lehman also are described. A rewritten version of an earlier case.

Keywords: Legal Liability; Crime and Corruption; Moral Sensibility; Acquisition; Decisions; Business or Company Management; Financial Services Industry;

Format: Print

5 pages

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