And with the valuations of publicly traded companies so low, some venture firms are tempted to invest in public companies rather than private ones.
"With the valuations investors are demanding today," Wood says, "if I had taken outside money, I would own probably less than 50percentt of my company".
He is perhaps more tortured than the criminal, and so as you can see I can hardly concur with the valuations you put on these matters.
According to the indictment, the motive for tinkering with the valuations was to enhance Mr. Seageldin's job performance and eligibility for a promotion and bonuses at Credit Suisse.
Krieger confronted Smiley with the valuations, and Smiley agreed, after some debate, to refund some of Leventhal's money — if not in cash, which he didn't have, then in reduced commissions.
Without Mr. Iksil, however, prosecutors would have had to make the case on the documents and recordings alone, without anyone to explain what was meant or what other conversations took place in connection with the valuations.
