Reingold, Dan 1953-
Reingold, Dan 1953-
Columbia University, Graduate School of Business, New York, NY, project director for telecom finance in Columbia Institute for Tele-Information. Worked as a financial executive for MCI and as a managing director and telecom analyst at investment firms in New York, including Morgan Stanley, Merrill Lynch, and Credit Suisse, 1989-2003.
(With niece, Jennifer Reingold) Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market (nonfiction), HarperCollins (New York, NY), 2006.
Contributor to periodicals, including Financial Times.
Dan Reingold was a top financial analyst before he left Wall Street, and he offers revealing insights into the world of high finance in his bookConfessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market. His career coincided with the dramatic rise and fall of telecom stocks, and he offers an inside look at some of the biggest disappointments and surprises of that era in Wall Street's history. His memoir, written with his niece, Jennifer Reingold, reveals how his initial enthusiasm for his work changed to dismay and disillusionment as he realized how widespread unethical practices and outright corruption were within the industry. Leaks of inside information, secret dealings, and conflicts of interest were commonplace, and his experiences "left him depressed, contemptuous and, yet, prosperous," noted Kerry Hannon in a USA Todayreview of Confessions of a Wall Street Analyst. As a top insider, Reingold was accorded special treatment from many who were hoping to profit from his knowledge and understanding of Wall Street. Despite playing at the highest levels of finance, however, Reingold managed to remain innocent of any notable wrongdoing. Even so, he chastises himself for not bringing industry corruption out in the open sooner than he did. Reingold also examines the changes, and lack of change, that have characterized Wall Street since he left it, concluding that meaningful regulation to stop corruption is still badly needed. Business Weekreviewer Roben Farzad felt the book came "far too late to qualify as meaningful whistle-blowing," and is valuable mainly as "a colorful portrayal of egos" involved in the world of high finance. Richard Drezen expressed a similar view in his Library Journalreview, calling Confessions of a Wall Street Analyst an "honest and irreverent behind-the-scenes account."
BIOGRAPHICAL AND CRITICAL SOURCES:
Reingold, Daniel, with Jennifer Reingold, Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market,HarperCollins (New York, NY), 2006.
Booklist, January 1, 2006, Mary Whaley, review ofConfessions of a Wall Street Analyst, p. 38.
Business Week, February 13, 2006, Roben Farzad, review of Confessions of a Wall Street Analyst,p. 98.
California Bookwatch, April, 2006, review of Confessions of a Wall Street Analyst.
Library Journal, January 1, 2006, Richard Drezen, review of Confessions of a Wall Street Analyst,p. 132.
Publishers Weekly, January 2, 2006, review of Confessions of a Wall Street Analyst, p. 52.
Telephony, January 23, 2006, interview with Dan Reingold.
USA Today, April 10, 2006, Kerry Hannon, review ofConfessions of a Wall Street Analyst, p. 6B.
Wall Street Confessions,http://www.wallstreetconfessions.com(July 21, 2006).