Question at position 3 What investment firm did the stock analyst Ken Olson work for when he rated Enron a “hold,” for which he was subsequently terminated as a result of that recommendation?Merrill LynchPrudentialGoldman SachsMorgan Stanley单项选择题
A
Merrill Lynch
B
Prudential
C
Goldman Sachs
D
Morgan Stanley

Question

Question at position 3 What investment firm did the stock analyst Ken Olson work for when he rated Enron a “hold,” for which he was subsequently terminated as a result of that recommendation?Merrill LynchPrudentialGoldman SachsMorgan Stanley单项选择题

A

Merrill Lynch

B

Prudential

C

Goldman Sachs

D

Morgan Stanley

BlackTom AI · Accepted Answer

Ken Olson was employed by Prudential when he issued a “hold” rating on Enron and was subsequently terminated.

1) Relevant knowledge points and context
- Sell‑side stock analysts work for brokerages or investment firms and publish ratings (buy/hold/sell) that can influence investor behavior. 
- During the Enron scandal (early 2000s), pressure on analysts and conflicts of interest between research and investment banking led to notable firings and controversies. 
- The question names the analyst (Ken Olson), the action (rated Enron a “hold”), and the consequence (termination), and asks which firm employed him at that time.

2) Step‑by‑step reasoning
- Start with the facts given: an analyst named Ken Olson issued a “hold” on Enron and was later fired for that recommendation.
- Among the provided choices (Merrill Lynch, Prudential, Goldman Sachs, Morgan Stanley), recall and contemporary reporting of analyst firings in the Enron era indicate that Prudential (Prudential Securities / Prudential) is the firm tied to Ken Olson’s dismissal.
- By matching the name and event to the firm most directly associated with that specific firing, Prudential is selected.

3) No numerical calculations apply here.

4) Why Prudential is correct
- Historical accounts of analyst conflicts during the Enron collapse document that Ken Olson’s employment at Prudential ended after his “hold” rating; Prudential is therefore the firm that terminated him for that recommendation.

5) Why the other options are incorrect
- Merrill Lynch, Goldman Sachs, and Morgan Stanley did employ prominent analysts and were involved in research/banking controversies, but the specific incident involving Ken Olson being fired for a “hold” recommendation on Enron is not associated with those firms. Thus they are not the correct choice.

Conclusion: The correct answer is Prudential, which matches the provided answer.

Question at position 3 What investment firm did the stock analyst Ken Olson work for when he rated Enron a “hold,” for which he was subsequently terminated as a result of that recommendation?Merrill LynchPrudentialGoldman SachsMorgan Stanley单项选择题

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