To the Editor:
The April 18 article "CIBC Snares Trio from Bankers Trust for Its Auto- Industry Financing Team" (page 8) misquoted me. The article erred in quoting me as saying, "Pulling people from BT is a smart move." I never uttered those words.
What I did say was that Bankers Trust is an outstanding institution with a lot of talented people. I know this to be true because my firm has done a good deal of work with Bankers Trust over the years, recruiting many talented executives to the institution.
Leslie W. Stern
Managing director,Sullivan & Co., New York
Editor's Note: American Banker stands by the story.