Morgan fires 4 after strip club visit

Discussion in 'Wall St. News' started by chartie, Jan 5, 2006.

  1. chartie


    Morgan Stanley fires 4 after strip club visit- WSJ
    Thu Jan 5, 2006 2:03 AM ET

    NEW YORK, Jan 5 (Reuters) - Morgan Stanley (MWD.N: Quote, Profile, Research) has fired four employees, including a stock analyst, after they accompanied at least one client to an adult-entertainment club, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

    The newspaper said the stock-research analyst and three sales staffers worked in Morgan Stanley's institutional-stock division. All four were men, the Wall Street Journal reported.

    Citing people familiar with the matter, the newspaper said the workers were technology-industry specialists who visited a strip club with one or more clients during a conference held by the firm in Phoenix, Arizona, in November.

    A spokesman for Morgan Stanley could not immediately be reached for comment.

    Morgan Stanley paid $54 million to settle charges in July 2004 that it denied women pay rises and promotions, paid them less than men, excluded them from company events, and subjected them to lewd behavior.

    The U.S. Equal Employment Opportunity Commission EEOC brought the charges in 2001 on behalf of hundreds of women, accusing it of engaging in a pattern of sex discrimination since 1995.

    Morgan Stanley denied wrongdoing as part of that settlement.

    © Reuters 2006. All Rights Reserved.
  2. Htrader

    Htrader Guest

    What a shame. I wonder who ratted them out. It almost certainly wasn't the client.
  3. They already have the "queen" of the internet, they need strippers too?
  4. zdreg


    the client's wife/girlfriend
    don't be sure it wasn't the client. maybe he was bragging to his buddies etc.
  5. seems pretty draconian, I can understand if they were causing trouble or acting like jack asses, but just visiting, pretty harsh.
  6. What is this industry cuming to??? The culture that I loved so much is going way down hill. Maybe we should go on strike, stop the markets and bring back strippers to office desk right where they belong!!!!!!!!!!!!
  7. i consider going to strip clubs as a form of charity. why would anyone oppose charity?
  8. katesdp


    That's a super tax write off but getting fired is redunculous.
  9. jerryz


    "All four were men, the Wall Street Journal reported."

    #10     Jan 5, 2006