Still the Street's "Fundamental Problem"

First Call's Chuck Hill says the deal to clean up equity research still leaves analysts beholden to investment bankers

Chuck Hill is the director of research at First Call, Wall Street's main compiler of analyst projections and keeper of the closely watched -- and increasingly controversial -- "consensus earnings estimate" figures. From his perch at the Boston-based outfit, a subsidiary of Thomson Financial, Hill has watched over the Street's conflicts-of-interest scandals with the slightly detached eye, if not a fully objective one, of a veteran teacher. While somewhat world-weary, Hill remains firmly in his students' corner, rooting for research analysts to do better.

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