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Herb Greenberg (born June 8, 1952 in Miami, Florida) is an American journalist.
| This biographical article is written like a résumé .(August 2021) |
| | This article may need to be rewritten to comply with Wikipedia's quality standards.(August 2021) |
Herb Greenberg (born June 8, 1952 in Miami, Florida) is an American journalist.
Greenberg graduated from the University of Miami with a bachelor's degree in journalism. [1]
Greenberg was a New York-based financial correspondent for the Chicago Tribune after transferring from its Chicago newsroom, where he covered the food and restaurant industry. Greenberg has also worked for Crain's Chicago Business , the St. Paul Pioneer Press , Amusement Business, and the Boca Raton News. [2]
Greenberg spent 10 years as the six-day-a-week columnist for the San Francisco Chronicle's business section. In the mid-1990s, he also had his own America Online business commentary site, Bizinsider. [3] Also, while at the Chronicle, Greenberg spent several years as the morning business reporter for KRON-TV in San Francisco and freelanced for five years as the monthly "Against the Grain" columnist for Fortune . [4]
He became one of the first mainstream newspaper columnists to transition to digital news in 1998, writing as a senior columnist for TheStreet for six years.
Afterward, Greenberg was a columnist and blogger for MarketWatch from 2004 until 2008. He also wrote the "Weekend Investor," which appeared on Sundays in The Wall Street Journal . [5]
Greenberg then left journalism for a few years to start a stock research firm with Debbie Meritz, an analyst and accountant. The firm, GreenbergMeritz Research & Analytics, was subscription-only and targeted institutional investors, investment banks, and accounting firms. [6]
In June 2010, Greenberg joined CNBC as a full-time senior stocks commentator. [7] Three year later, he rejoined TheStreet as a commentator and editor of Herb Greenberg's "Reality Check" newsletter. [8]
In November 2014, he and forensic accountant Donn Vickrey started Pacific Square Research, a short-biased research firm. [9]
In June 2021, he left Pacific Square to launch Herb Greenberg Research but before it got off the ground, he joined Empire Financial Research as a senior editor in October 2021. [10] In March 2022, he launched Herb Greenberg Investment Opportunities, a subscription-based service that recommends stock choices to paid subscribers. [11]
While at The Chronicle, Greenberg launched an investigation into Media Vision, a maker of sound cards and multimedia kits for CDs. [12] The former CEO and CFO both went to prison. [13]
Among his other investigations:
Greenberg started an investigation into the software company AremisSoft, which was later sued by the Securities and Exchange Commission (SEC) for fraud around Oct. 4, 2001. [14] According to the SEC, Its former chief executive, Roys Poyiadjis, later consented to disgorge around $200 million "of unlawful profit from his trading in AremisSoft stock -- among the largest recoveries that the SEC has obtained from an individual." [15]
Later, he investigated A.C.L.N., a Belgian company whose ships transported cars to Africa from Europe. It was later sued by the SEC on Oct. 8, 2002 and delisted by the New York Stock Exchange. In 2004 the company agreed to disgorge around $27.6 million, which was to be returned to investors. The company has subsequently disappeared. [16]
Then he exposed accounting questions about MBIA, the bond insurer. Much of his focus was on the controversial retroactive reinsurance transaction involving the Allegheny Health, Education and Research Foundation (AHERF), which was the focus of separate investigations by the SEC, the New York Attorney General, and the New York State Insurance Department. The company settled the case by paying $75 million in penalties and disgorgement. [17]
In February 2006, Greenberg and other reporters were served subpoenas from the Securities and Exchange Commission (SEC) demanding records of phone and e-mail communications with sources for an investigation of which the journalists were not the target. In a rare public reprimand, SEC chairman Christopher Cox said that he was not consulted prior to the issuance of the subpoenas by the SEC's San Francisco office, stating, "[The] subpoena to a journalist which seeks to compel production of his or her notes and records of conversations with sources is highly unusual." [18]
The subpoenas were harshly criticized by the media and by First Amendment groups.[ who? ] In an editorial, The Wall Street Journal said that the "SEC scolds are harassing journalists who report market-moving facts based on their daily digging." The newspaper said, "The journalists are suspected of having sources who tell them things that they then share with their readers or listeners. Where we come from this is called reporting, or providing facts to investors who can then make more informed decisions." [19] Shortly after the subpoenas were disclosed, the SEC reversed course and said it would not enforce them. The investigation, which concerned a research firm called Gradient Analytics, was subsequently dropped. [20] [21]
The 2003 mutual fund scandal was the result of the discovery of illegal late trading and market timing practices on the part of certain hedge fund and mutual fund companies.
Henry McKelvey Blodget is an American businessman, investor and journalist. He is notable for his former career as an equity research analyst who was senior Internet analyst for CIBC Oppenheimer and the head of the global Internet research team at Merrill Lynch during the dot-com era. Blodget was charged with civil securities fraud by the U.S. Securities and Exchange Commission and settled the charges. Blodget is the co-founder and former CEO of Business Insider.
James Joseph Cramer is an American television personality, author, entertainer, and former hedge fund manager. He is the host of Mad Money on CNBC, and an anchor on Squawk on the Street. After graduating from Harvard College and Harvard Law School, he worked for Goldman Sachs and then became a hedge fund manager, founder, and senior partner of Cramer Berkowitz. He co-founded TheStreet, which he wrote for from 1996 to 2021. Cramer hosted Kudlow & Cramer from 2002 to 2005. Mad Money with Jim Cramer first aired on CNBC in 2005. Cramer has written several books, including Confessions of a Street Addict (2002), Jim Cramer's Real Money: Sane Investing in an Insane World (2005), Jim Cramer's Mad Money: Watch TV, Get Rich (2006), and Jim Cramer's Get Rich Carefully (2013).
Greenberg Traurig is a multinational law and lobbying firm founded in Miami in 1967 by Mel Greenberg, Larry J. Hoffman, and Robert H. Traurig.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate products. It operates the MSCI World, MSCI All Country World Index (ACWI) and MSCI Emerging Markets Indices among others.
Gary S. Gensler is an American government official and former Goldman Sachs investment banker serving as the chair of the U.S. Securities and Exchange Commission (SEC). Gensler previously led the Biden–Harris transition's Federal Reserve, Banking, and Securities Regulators agency review team. Prior to his appointment, he was professor of Practice of Global Economics and Management at the MIT Sloan School of Management.
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Thom Calandra is an American journalist, stock investor, and the former editor-in-chief and chief commentator for CBS MarketWatch from 1996 to January 2004, until his investigation by the U.S. Securities and Exchange Commission. Calandra writes for a number of other publications including the revived The Calandra Report.
John P. Reese is an American author, financial columnist, and money manager. He has written two books about investing, and is a columnist for several international financial publications, including Forbes magazine and Forbes.com; Canada's The Globe and Mail; RealMoney.com ; and the Israeli newspaper Globes.
Alice Schroeder is an American executive, financial journalist, and author who was Berkshire Hathaway's leading sell-side insurance analyst at Morgan Stanley and later became Warren Buffett's appointed biographer. Schroeder remains a widely-regarded insurance expert, having most recently served as a Non-Executive Director on the Board of Prudential PLC. In the first week of October 2008, she published The Snowball: Warren Buffett and the Business of Life, a New York Times bestseller. As a project manager for the US Financial Accounting Standards Board, she oversaw the release of SFAS No. 113, a critical change in US reinsurance accounting regulations. Since 2008, Schroeder has worked as a columnist for Bloomberg News.
The Galleon Group was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in October 2009. The firm was the center of a 2009 insider trading scandal which subsequently led to its fall.
The Tenderloin Times was a free monthly newspaper serving the Tenderloin district of San Francisco, published from the 1970s to the 1990s, with a circulation of 15,000. Its pages were filled with news on homelessness, social programs affecting the area's residents, immigration, neighborhood history and other topics. Its investigative reports on issues such as the death of homeless people on San Francisco streets and the high rate of pedestrians hit by cars in the neighborhood were often picked up by mainstream media. Founded by homeless people and the directors of Hospitality House's drop-in center, one of the paper's core policies was to distribute information about medical, financial, housing, and job-seeking services for people who lived in the neighborhood.
The San Francisco Examiner is a newspaper distributed in and around San Francisco, California, and published since 1863.
Peter L. S. Currie is an American business executive who was the chief financial officer for Netscape from 1995 to 1999. Currie has been described by Wall Street Journal reporter Jessica Vascellaro as one of the "Silicon Valley wise men". He was among the advisors to Facebook CEO Mark Zuckerberg about business matters in 2009. He is an investor in Internet start-ups and serves on the boards of numerous firms. He is president of Currie Capital and was a charter trustee of Phillips Academy; from July 2012 to June 2020, he served as the president of the school's board of trustees.
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Robert Jack Birnbaum was an American financial executive who served as president of the American Stock Exchange and president of the New York Stock Exchange. He was the president of the NYSE during the Stock market crash of 1987, dubbed Black Monday. He contributed to the adoption of changes in the exchange's operations after the event, including circuit breakers as trade curbing mechanisms during periods of intense volatility. Birnbaum had earlier worked for the Securities Exchange Commission, where his studies recommended the introduction of the forerunner of the modern National Market System in securities trading.
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