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Craig Siegenthaler sat out the Oct. 29 Ameriprise conference call but three of his peers asked about the 'elephant' he cited in double-downgrading the broker's stock ten days earlier, triggering a share price dive
The BoA analyst took Ameriprise from buy to sell based in part on fears that Amerprise is being compelled to stop poaching with preeemptive bonuses; CEO Cracchiolo cited bad journalism and said there was no "program" but seemed to stop short of denying payments
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