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In 1986 when Clark had wanted Wall Street bankers to sell Silicon Graphics to the public, he flew to New York City, hat in hand. Many of the bankers treated him poorly. The CEO of Salomon Brothers, John Gutfreund, stood him up—left him sitting like some hick in the lobby of Salomon Brothers. These days the investment bankers came to Silicon Valley. This was only one of many recent changes along the capitalist food chain. Wall Street had gone from being the celebrities of the money culture to being its lackeys. It was in June 1998 that six bankers from Goldman Sachs visited Healtheon; directly ...more
The New New Thing: A Silicon Valley Story
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