[beaver fever]

"From what's been reported, they paid for the legal activities out of their own pocket."

They entertained clients which means they were representing the company. It doesn't matter that they did it on their own time and paid for it. In fact paying for it could be construed as a bribe. If you are on 'legitimate' company business the company picks up the bill. They paid themselves to cover their tracks because they knew Morgan Stanley would pull them on the carpet for it.

If a women did the same thing it would be considered enticement.

[mikeybaby]

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.