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Morgan StanleyFires Male StaffersFor Strip-Club Trip
THE WALL STREET JOURNAL ^ | January 5, 2006; Page C3 | RANDALL SMITH

Posted on 01/05/2006 9:48:16 PM PST by MRMEAN

NEW YORK -- Morgan Stanley has fired a stock-research analyst and three sales staffers in the Wall Street firm's institutional-stock division after they accompanied one or more clients on a visit to an adult-entertainment club, according to people familiar with the matter.

The firing of the staffers, all men, sent a message that exclusionary, male-only activities won't be tolerated at the firm, according to people familiar with the matter. In mid-2004, Morgan Stanley agreed to pay $54 million to settle a gender-discrimination case. As part of the settlement, Morgan Stanley denied wrongdoing but agreed to take additional steps to promote diversity and conduct antidiscrimination training.

One of the complaints in the gender-discrimination case brought by the Equal Employment Opportunity Commission was that women in the same institutional-stock division had been improperly excluded from certain client-related activities such as male-only golf outings and strip-club visits.

The EEOC complaint in 2001 followed an individual complaint filed with the EEOC in 1998 by a former institutional-stock saleswoman, Allison Schieffelin, who was fired in 2000. She had charged that gender discrimination caused her not to be promoted to managing director.

...

In the recent episode, the four fired employees were all technology-industry specialists who made the strip-club visit during free time while they were attending a three-day Morgan Stanley conference for tech investors in early November at the Arizona Biltmore Resort & Spa in Phoenix.

The firm has a policy against participation in an exclusionary event while on company business, people familiar with the firm said. One rule specifically bars attending adult-entertainment establishments in connection with company business. One or more clients were present at the Arizona establishment, one person familiar with the matter said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Culture/Society; Extended News
KEYWORDS: diversity; eeoc; femininizationalert; fired; morganstanley; singlesex; workplace
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To: beaver fever

Take it easy. I'm off to work in a few minutes.


101 posted on 01/06/2006 3:39:11 AM PST by durasell (!)
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To: durasell

Well it's 3:41 PST my time so relax.

I'll check my post's tomorrow.

Nice talking to you, it's beem a pleasure.


102 posted on 01/06/2006 3:42:55 AM PST by beaver fever
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To: Wolfie

They beleive the porn thing is fully accepted and cool now.

Apparently lots of folks on this thread do as well




Most people don't know what they are...


103 posted on 01/06/2006 3:52:34 AM PST by durasell (!)
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To: Clemenza
Feminazis have ruined maleness. There is NO SUCH THING as SEXUAL HARASSMENT. If you can't take the heat, GET BACK IN THE KITCHEN WOMEN!

American women's tendency to get easily (and expensively) offended contributes to business just moving elsewhere where discrimination laws do not exist

104 posted on 01/06/2006 3:57:53 AM PST by SauronOfMordor (A planned society is most appealing to those with the hubris to think they will be the planners)
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To: Lester Moore

I am less concerned with their going to a strip club and watching a girl shake her booty than I am with their falsifying research reports and creating phony corporate entities for corporate thugs to rip off stockholders al la Global Crossing.


105 posted on 01/06/2006 4:23:28 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: beaver fever

So if they put it on their expense report they wouldn't be bribing a client?
I've been offered and have been asked for bribes.
Never taken or given one, but I've never done business internationally, where I understand it is much more common.
But I have buddies who were reps Overseas, and bribes were only an expense account entry.
Of course, in the countries they were in, the "Authorities" came to their hotel rooms nightly and confiscated their Passports, which would hopefully be returned the next morning.
As the old saying goes, "Always keep enough gold to bribe the border gaurds".
PC run amok.
The fired employees should sue the p*ss out of MWD.
If nothing else, Discovery should be entertaining.


106 posted on 01/06/2006 4:24:45 AM PST by mikeybaby (long time lurker)
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To: Lester Moore
The firm has a policy against participation in an exclusionary event while on company business, people familiar with the firm said. One rule specifically bars attending adult-entertainment establishments in connection with company business. One or more clients were present at the Arizona establishment, one person familiar with the matter said.

I am amazed that the unfettered employment at will crowd who were falling over themselves recently to tell those fired smokers that they should follow the rules or ship out have failed to show up by post #106.

107 posted on 01/06/2006 4:51:19 AM PST by Killing Time
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To: xrp

damn straight, that's how things are done in the real world.


108 posted on 01/06/2006 5:23:10 AM PST by mr_hammer (They have eyes, but do not see . . .)
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To: garandgal

Where I used to work, the gals in the business development group used to take female clients/visiting VPs shoe shopping/browsing for an afternoon. The business development guys HATED it. Tough luck. Golfing is boring when you can't drink on company time.


109 posted on 01/06/2006 5:43:09 AM PST by coop71 (Being a redhead means never having to say you're sorry...)
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To: ishabibble
'I am a woman and the mother of two grown sons. If either son ever came to me and told me he was pregnant, I'd smack him!'

Even better a family friend had the same problem with her son married to a VERY PC young woman. When he told Mom, 'We are pregnant'. Her response was 'Zounds, I must contact Vienna at once. Male parthenogenesis has never been documented.'
110 posted on 01/06/2006 6:14:16 AM PST by robowombat
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To: MRMEAN
Morgan Stanley has fired a stock-research analyst and three sales staffers in the Wall Street firm's institutional-stock division after they accompanied one or more clients on a visit to an adult-entertainment club, according to people familiar with the matter.

If this is now a trend, then expect Willie Green to be posting articles about mass layoffs of strippers... (er, I mean "dancers")

111 posted on 01/06/2006 6:15:58 AM PST by Mannaggia l'America
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To: xrp

This is true, this goes on a lot in sales, especially when foreign clients come to town. They always demand to be taken to strip clubs to conduct business.


112 posted on 01/06/2006 6:19:45 AM PST by dfwgator
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To: beaver fever
My opinion is that any man over the age of 19 who goes to a strip club to 'socialize' is emotionally and intellectually stunted and will probably never reach maturity.

My opinion is "lighten up, Francis."

113 posted on 01/06/2006 6:23:10 AM PST by Hemingway's Ghost (Spirit of '75)
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To: Hemingway's Ghost

he didn't mean you, HG ; )


114 posted on 01/06/2006 6:23:48 AM PST by xsmommy
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To: xsmommy
he didn't mean you, HG ; )

!!!!!!!!!!!

Cool, because I'm very mature, and I recently had a lovely time---very mature and sober---with several ladies of eastern European extraction at the wonderful "Delilah's Den" in Philadelphia, PA.

115 posted on 01/06/2006 6:25:41 AM PST by Hemingway's Ghost (Spirit of '75)
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To: Hemingway's Ghost

i'm quite certain it was a cerebral experience and that they had very engaging.... personalities... : )


116 posted on 01/06/2006 6:31:58 AM PST by xsmommy
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To: xsmommy
i'm quite certain it was a cerebral experience and that they had very engaging.... personalities... : )

They being relocated Sovietskis and all, we had a very interesting discussion of Dostoyevsky's Crime and Punishment, don't you know.

117 posted on 01/06/2006 6:41:57 AM PST by Hemingway's Ghost (Spirit of '75)
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To: beaver fever
"Well I am a man.
Not some giddy pimple faced adolescent.
Here's some news for you. Strippers don't like men. The majority of them are lipstick lesbians who are in it for the money.
Hate to burst your bubble bubba."

Uh... None of your non-sequitur text above has any bearing on the fact that you don't understand men and strip clubs. While I dispute your contention that strippers are lesbians, it doesn't really matter. Since we're only looking at them, it's not a factor.

My name isn't bubba. He was the guy being serviced in the Oval Office.
118 posted on 01/06/2006 7:33:31 AM PST by Poser (Willing to fight for oil)
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To: beaver fever

American men have been told for decades now that they are sexually uncontrolable, abusive and ignoble by feminists. All the attributes of men in relationship to women(love, strength, romance, honor, proectiveness, etc.) were named sexist and cleansed from the socailization of men.

In the male rebellion against feminism what do we see men trying to prove here about being male? Strip clubs and lap dances; porn addiction - the sexual exploitation of women. Men want to reclaim their masculinity that was cleansed by the feme-nazis and all many men know that prepresents male is porn or the sexual exploitation of women.

Oh well...whatever. Sexual disease will take care of it.


119 posted on 01/06/2006 7:43:18 AM PST by Galveston Grl (Getting angry and abandoning power to the Democrats is not a choice.)
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