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 ...
Grow up.
You must be one of those guys who thinks that a stripper wants to have sex with you because she smiled at you.
Stip clubs are boring.
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.
That was true maybe 10 or 15 years ago. The demographic has changed.
Actually, there is such a thing as sexual harrassment, but the Feminists have it so watered down it doesn't mean anything anymore. And that's a shame.
Please see my 18, in case you missed it. Not all women want men to change...I'm perfectly happy with the status quo.
Keep it up boys, you make my job exceptionally easy.
Just kidding...I realized long ago that if I just work hard, try to do the best for my clients, and offer great customer service...I will have a good share of the business. The occasional batch of homemade cookies helps out, as well. So you see, I've stayed in the kitchen...and the boardroom.
Please see my 18, in case you missed it. Not all women want men to change...I'm perfectly happy with the status quo.
Does that mean we can keep sitting around in our underwear eating chips and watching movies where stuff blows up?
Funny thing is, I am not a salesman. :-)
Its women like you who should be admired.
You are obviously trying to tag me with the metrosexual label.
At fifty three years of age I am well beyond naive.
What is naive is thinking that women take their clothes off in front of you for money because they like you.
Dr Phil???? The guy's a house plant, a phoney wellness Guru. I doubt very much that the good Dr has a degree in anything.
Dr. Phil is actually a big money jury selection specialist.
http://www.courtroomsciences.com/
Now you're scaring me.
He makes his money by advising lawyers on how to stack a jury.
How many drug smuggling cases does he offer his 'professional'
advice?
I believe that he offered prosecutors advice on the O.J. jury, which they then ignored. Both defendence attorneys and prosecutors use these services, which are very, very profitable. Heck, he got Oprah off on her cattle case IN TEXAS.
Dr. Phil does come off like just another self-help idiot. In fact, he's a very serious and competitive guy who has found a new revenue stream.
Of course...as long as you share the beer.
Great. Triple feature every saturday night on DVD:
Great Escape
Dirty Dozen
Die Hard
I was a frat boy, now a partner in my firm, and only once in my career have I run into one of my old brothers-- and he was in no position to help me, handshake or no. I am not even aware that any of my other partners was a member of ANY fraternity.
You are calling these guys careerist frat boy p**cks but they sound like normal heterosexual men to me.
I don't care much for titty bars but I certainly know a lot of guys who do. If companies decide to get rid of any employee who visits their local "ballet academy", they are going to find that they have cut themselves off from a great many talented and aggressive workers.
-ccm
The whole voir dire process is nothing but culling juries. Dr. Phil and others just take it to the next level.
My husband collects WWII firearms, uniforms, and such...we watch lots of WWII movies. As far as "Die Hard"...I prefer Die Hard II. We don't have the DVD, and it's never on anymore!
Then you probably know that they actually found the original "great escape" tunnels recently.
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