Memo to US bishops, II

By ( articles ) | May 04, 2004

In other headline news, today, a once-powerful Wall Street figure faces up to 2 years in jail after his conviction on charges of covering up criminal activities by his subordinates.

This is a big story, because: 1) Frank Quattrone was convicted because he authorized an email message asking employees to purge their files of potentially incriminating evidence; 2) In his heyday Quattrone was a really big figure on Wall Street; you could compare his status with-- oh, say, that of Cardinal Mahony in the US hierarchy.