The Moon and $30 Million for Jack Grubman

Jack Grubman, the Citigroup(C Quote) Salomon Smith Barney telecom analyst who became the poster boy for Wall Street conflicts of interest, is out of a job, leaving Citigroup by "mutual agreement."

But Grubman's departure will not quiet the debate over whether he and other Salomon executives stepped over the line in the firm's zeal to become the telecommunication industry's preferred investment banker. ...