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Name and title: Jordan Goldstein, vice president and general counsel Age: 37 The Wall Street beat: Hedge fund manager James Cramer and Martin Peretz, owner of The New Republic, founded TheStreet.com in 1996 as a subscription-based, online source of news and commentary for investors. In 2000, TheStreet.com’s flagship publication became a free, advertising-supported Web site. The company produces several other online subscription-based publications, including Real Money, Street Insight and The Value Investor. In 2002, TheStreet.com established Independent Research Group, a wholly owned subsidiary and registered broker/dealer, to provide stock market research to institutional investors. The public company has 170 employees, and reported $26.1 million in 2003 revenue. Sept. : Sept. 11, 2001, began like any other workday for Jordan Goldstein. A little after 9:00 a.m., he emerged from the subway station in Lower Manhattan, headed for his office building across from the New York Stock Exchange. The south tower of the World Trade Center had just been struck by the second hijacked airplane, both towers were ablaze and the air was filled with paper. Goldstein was soon swept up in the stampede of Wall Street workers fleeing the collapse of the Twin Towers. He made his way to midtown’s Grand Central Station, where he eventually was able to board a train back to his home in suburban Westchester County. Like most Wall Streeters, Goldstein was back at work in a few days, but the events of Sept. 11 had a lasting effect on TheStreet.com and the financial community it serves. The attack killed Bill Meehan of Cantor Fitzgerald Securities, a popular columnist for TheStreet.com. Goldstein said that the Sept. 11 attacks built a “real sense of unity” on Wall Street. “People became more friendly and there was a feeling of community that grew out of having gone through this terrible experience,” he said. Sept. 11 also heightened Wall Street’s greater awareness of the need to plan for terrorist attacks and other catastrophes. Goldstein said that he has worked since then to update his own company’s disaster recovery system. Goldstein’s group: Working from his 15th-floor office at 14 Wall Street, Goldstein handles corporate governance and securities matters, contracts and real estate. He supervises part-time in-house counsel Diana Hird, who is an Off-Broadway actor when she is not handling contracts and intellectual property matters. For outside counsel, he relies on two Manhattan law firms: Hughes Hubbard & Reed for corporate, securities, employment and trademark matters, and Friedman Kaplan Seiler & Adelman for litigation, copyright, First Amendment and defamation matters. Unwelcome news: TheStreet.com made headlines with its May 1999 initial public offering, when its share price rocketed to $70 on the first day of trading on the Nasdaq, yielding more than $1 billion in market capitalization. Two years later, when the stock price had plummeted to less than $2, TheStreet.com again found itself in the news when the company and its IPO underwriters were named in a shareholder class action. As in similar suits filed against hundreds of companies that issued IPOs during the dot-com boom, the plaintiffs alleged that TheStreet.com and its underwriters manipulated share prices through undisclosed commissions and “laddering,” or offering shares to institutional investors if they agreed to buy aftermarket shares at a higher price. Goldstein counseled the company to join nearly 300 other defendants in a comprehensive settlement, now awaiting approval by the federal court in Manhattan. Under the deal, issuer defendants will assign plaintiffs their claims against the underwriters, and the settling issuers’ insurance companies will guarantee that the plaintiffs will recover at least $1 billion. Defamation suit: Given the litigiousness of some of its denizens, reporting on the foibles of Wall Street can be a risky business. Goldstein is occasionally called by editors for pre-publication review of articles on controversial topics. He may suggest more careful wording or additional research to avoid exposure to defamation suits. The editors do not hesitate to publish corrections or clarifications “if we screw something up,” said Goldstein. “If we got it wrong, we’ll fix it, but sometimes [people] just don’t like it if you’re critical of them, and they’ll accuse you of all sorts of ulterior motives.” In February 2003, Cramer and TheStreet.com were hit with a defamation suit by former TheStreet.com commentator Jonathan Hoenig, manager of the Capitalistpig Asset Management hedge fund. Hoenig claimed he was libeled by a September 2002 column by Cramer stating: “Wouldn’t it be terrific if I could be like Jonathan Hoenig, who on national television urged people to buy Kmart at a buck?” Hoenig said that he never advised buying shares in the bankrupt Kmart. TheStreet.com countersued Hoenig for unfair competition, claiming that Hoenig surreptitiously used the term “James Cramer” as a searchable “metatag” to direct Web surfers to his Capitalistpig.com Web site. The legal battle ended in August 2003, when both sides agreed to drop their suits against each other. Route to the top: Goldstein grew up in Dix Hills, N.Y., on Long Island, the son of an engineer father and clinical psychologist mother. After receiving his undergraduate degree from the University of Pennsylvania in 1989, he worked as a professional musician in the Philadelphia area. He played piano for two years at bars, restaurants and weddings, then enrolled at Hofstra University School of Law. “I was good enough to know that I wasn’t good enough to really make a career in music,” Goldstein said. After receiving his law degree in 1994, Goldstein worked for a year as an in-house counsel at Prudential Securities Inc. and then joined Uniondale, N.Y.’s Rivkin Radler & Kremer. In 1997, he moved on to New York’s Proskauer Rose, where he worked on major corporate transactions and securities matters. Goldstein joined TheStreet.com as associate general counsel in October 1999, and he succeeded Michael Zuckert as GC in July 2000. Personal: Goldstein lives with Victoria Lesser, a freelance corporate identity consultant, in Larchmont, N.Y., with their sons Jonah, 7, and Eli, 3. He enjoys playing keyboard and basketball. Last book and movie: Foucault’s Pendulum, by Umberto Eco, and The Bourne Supremacy.

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