I’m trying to understand this…
For lavish gifts, an analyst wants to avoid conflict of interferes and maintain true objectivity when working with a company. Does this standard change, when say, you’re comparing an investment banking relationship to an equity research relationship?
I had a question on a mock exam today where apparently accepting a private jet trip to a ranch to go hunting with a large company’s CEO was appropriate when you’re an investment banker working on an equity offering.
What’s the correct way to think about this?