"$4600 for a lap dance? Ain't that a little steep for this lard ass, John? This tired beotch looks like she's been up all night. Y'all got any ah them 20 year old interns around here?"
Posted on 07/19/2007 9:09:09 AM PDT by Rennes Templar
John Mack, Morgan Stanley’s chief executive, is to invite senior staff to a fundraiser for Hillary Clinton on Monday, in a pointed endorsement of the Democratic presidential hopeful from an important backer of President George W. Bush in 2004.
Mrs Clinton, a New York senator, is scheduled to appear at the fundraiser on the 41st floor of Morgan Stanley’s headquarters in Times Square.
The minimum donation for the event is $1,000 (€726, £492) per person but Mr Mack urged those attending to give $4,600, the maximum for the 2008 presidential campaign.
Mr Mack surprised many on Wall Street in the spring when he said he and his wife, Christy, would support Mrs Clinton’s 2008 bid. The announcement was made after heavy courting by Mrs Clinton, who raised $27m in the second quarter.
That sum was well ahead of any of the prospective Republican candidates and not far behind the $32.5m raised by Barack Obama, the Illinois senator and Mrs Clinton’s main rival for the Democratic nomination.
Mr Mack was a “Ranger” for Mr Bush in 2004, meaning he helped raise at least $200,000 for the president’s re-election bid.
He helped organise a fundraising dinner in New York for Mrs Clinton in June featuring Warren Buffett, the billionaire investor. But he was not able to attend that dinner and this is the first event he has organised personally inside Morgan Stanley.
Mr Mack indicated in the e-mail that the event was “purely voluntary” and that Morgan Stanley employees remain free to give to any candidate or party they choose. He added that it was important for senior staff to be involved in the political process.
“When it comes to supporting political candidates, I have always looked beyond party labels to the person who I felt was best for the job and most able to lead the country forward. I personally believe that person is Hillary Clinton,” Mr Mack wrote in the e-mail.
He also praised Mrs Clinton’s efforts to reform healthcare and said she “has consistently demonstrated a truly global perspective, and also has a deep understanding of the financial services industry and issues important to Morgan Stanley”.
Mr Mack’s shift to Mrs Clinton means the balance of power among Wall Street chief executives has switched toward the Democrats in the 2008 presidential race. Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan and Richard Fuld of Lehman Brothers have all tended to give to Democrats.
Hank Paulson, former Goldman Sachs chief executive, Stan O’Neal of Merrill Lynch, and Jimmy Cayne of Bear Stearns were all big Bush fundraisers in 2004.
Mrs Clinton has other prominent supporters in the Wall Street financial community, including Alan Patricof, co-founder of Apax Partners, Steven Rattner of Quadrangle Group, Thomas H. Lee of Lee Equity Partners and Thomas Steyer of Farallon.
Mr Obama also has widespread Wall Street support, including from hedge fund managers George Soros, Eric Mindich, Paul Tudor Jones and Daniel Loeb.
I'm not in Morgan Stanley, but if I were, I'd be questioning the rationality of their leadership. I'd pull out quicker than a New York minute.
I can’t help but suspect that these guys are not so much supporters as they are trying to cover their @$$ just in case the old bag wins.
“Mr Mack indicated in the e-mail that the event was “purely voluntary” and that Morgan Stanley employees remain free to give to any candidate or party they choose. He added that it was important for senior staff to be involved in the political process.”
Yeah Right!! No pressure there... we’ll just keep a tally of those staff people who don’t vote the “right”....
It's quite rational.
If she is elected President, it will obviously be a huge home run.
If not, he will have a grateful partisan in the Senate, who will move heaven and earth in the Democratic-majority US Congress to help Morgan Stanley with its legislative agenda.
His number one concern is that Congress - which sets tax policy and regulates financing structures - is on his side.
With a Democrat Congress it cannot hurt him to support the Democrat nominee with the most Congressional support.
"$4600 for a lap dance? Ain't that a little steep for this lard ass, John? This tired beotch looks like she's been up all night. Y'all got any ah them 20 year old interns around here?"
I’ll guarantee you that the senior staff better cough up enough money or their donations will be sent back to them and asked to reconsider. I worked for a company that did that with donations to the United Way. All donations from management were sent back and we were asked to reconsider the amount that was donated.
I have a securityaccount with Morgan Stanley and seriously reconsidering.
It’s principled business leaders like Mack that make our country great.
Why does one switch mean the balance of power has changed?
Please do and send Mr. Mack a letter. How anyone can switch from a W supporter to Clinton is beyond me. I’m not a businessman, but obviously the guy puts political expediency beyond any principle. Either that or a he’s a globalist.
I just got a letter from my broker saying he is moving to Morgan Stanley from Raymond James.
Looks like I won’t be going with him.
Duh!
A big-business whore.
“John Mack, Morgan Stanley’s chief executive, is to invite senior staff to a fundraiser for Hillary Clinton on Monday, in a pointed endorsement of the Democratic presidential hopeful from an important backer of President George W. Bush in 2004. “
Tomorrow morning I am transferring all assets out of Morgan Stanley.
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