from the resume of:
Phillips V. Bradford, Sc.D.
Specific Achievements in financial and investment analysis
My achievements in product development are primarily based on my experiences with Merrill Lynch Pierce Fenner & Smith and with Dominick & Dominick
Institutional credits and bonuses
As part of the compensation, Wall Street analysts were required to produce evidence from their customers in financial institutions on the "buy side" that their research was valued. These were called "institutional credits" and were monitored by management and used to evaluate cash bonuses.
Other factors in determining bonuses and salary raises were citations in the media, and the actual performance of investment recommendations. In all three categories, I was able to achieve above-average performance, and many months won the top ratings for my firm.
My institutional credit portfolio includes memos from more than 100 major financial institutions, including most of the large money center bank trusts and major mutual fund management companies.
Stock selection and Timing Record
My record of performance based on the basis of stock selection and timing was often the best in the firm, both at Merrill Lynch and at Dominick & Dominick. Part of this success is based on the fact that I was responsible for stock recommendations in the high-tech investment sector which often experiences greater advances during bull markets and steeper declines in bear markets. During many monthly periods, I had the best stock price and timing performance record and won such prizes as an all-expense paid cruise for two to Bermuda, and substantial bonuses that could be a significant portion of my overall pay.
I also provided assistance to the investment banking arms of Merrill Lynch and Dominick & Dominick, for which bonuses were paid in recognition of assistance in bringing corporate investment banking clients to the firm. In this capacity, the firms valued my technology based background needed to understand the markets for certain new technologies.
Media citations during my days on the Street
Some of the representative media articles which reflected upon my work are listed below:
- Financial World, April 23, 1975, "Hewlett-Packard: still the Street's love." Article cites Bradford's buy recommendation for Merrill Lynch at what proved to be one of the best times ever to buy H-P stock.
- Seminar presentation: "Securities Research: What does it mean to, and do for the retail stockbroker?", Securities Industry Institute Seminar, The Wharton School, Phila. PA, March 10-15, 1974.
- Money, May, 1973, page 78, "Wall St. & Beyond - Blue chip bargain hunting". Article discusses my recommendations regarding Varian Associates and EG&G at Merrill Lynch.
- Business Week, March 3, 1973, page 47, discussion of the prospects for Bowmar Instruments stock for which a rush of sell orders caused the exchange to halt trading after I terminated my buy recommendation at Drexel Firestone.
- Forbes, January 1, 1972, "Glamour Can Be Costly", a discussion of the costs of R & D to support growth by new product entry for industrial corporations.
- Wall Street Journal, December 14, 1971, "Heard on the Street" by Dan Dorfman. Article discusses my bullish stance on Scientific Atlanta and Veeco Instruments.
- Physics Today, May 1970, "Physicists with unusual careers", cover article, by Marian S. Rothenberg. Article about my decision to enter a Wall Steet career, with photo.
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