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 ...
You'd think these guys know better than to even think about doing stuff like this in this day & age.
Ouuuuuuuuuuuuuch...in the world of sales, a LOT of Purchase Orders are signed after a trip to the strip club.
Should have taken the clients to see "Brokeback Mountain". The employees would have gotten promotions. Sheesh.
If I read the story correctly, there were some naked chicks involved, too.
So, no problem.
Brings to mind the Claire Swire debacle of yesteryear.
Cheers!
They beleive the porn thing is fully accepted and cool now. They are just being cutting edge metrosexuals; following the herd over the cliff and all that.
Wait a second, I did!
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!
They weren't fired for inappropriate, immoral behavior but because they were exclusionary?!?! Oh! Wait! Of course! For liberals being exclusionary IS inappropriate and immoral.
I am against what the men did on moral grounds, but NOT on PC grounds.
P.S. Try doing a Google on "Claire Swire". It's a hoot.
Cheers!
"....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"
PC running amok..
ping
Good grief! Next time invite the femi nazis along.
I got your sarcasm. I was referring to the douchebag mentality of such a decision.
It is an outrage.
What a stupid idea.
hehehehehehehe
LOL! LOL! LOL! LOL! LOL!
Yeah, what is the problem here?
.
...The man who predicted the 9/11 Attacks 8 years ahead of time,
...proceeded to save almost 3,000 Morgan Stanley Employees...
...by getting them out of the World Trade Center's Tower II...
...before it came crashing down on...
.......him:
9/11 Lifesaving Hero RICK RESCORLA, R.I.P.
http://RickRescorla.com
http://www.strategyzoneonline.com/forums/showthread.php?t=24361
.
First thing that comes to mind is: learn to golf, sweeties.
Secondly, I've been very successful in sales for 20 years...mostly in male-dominated fields. My clients have always known I won't take them to strip clubs (of course); I spend my time trying to help them make more money, instead.
Who do you think wins in the long run? Perhaps if the ladies would spend more time selling and less time whining, they would be more successful.
Why is it that when a man talks dirty to a woman, it's sexual harassment, but when a woman talks dirty to a man, it's $4.99 a minute?
Mark
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.