Branded
Good news regarding my estimation on the house price. I found out the similar house in the neighborhood that was for sale is contracted for very close to what I had estimated in my net worth statements. Nice to know that the appreciation is for real.
Here’s an article on four Morgan Stanley employees fired after they took at least one client to a strip club. In 2004, Morgan Stanley had to pay $54 million to settle a sex discrimination suit that in part included taking clients to strip clubs (making female employees either uncomfortable or at a disadvantage if they didn’t play along). Since the settlement, it has been part of Morgan Stanley’s policy not to do what these four employees did. So at this point you’re thinking how stupid could they be?
But wait, there’s more. While watching a news program at the gym yesterday, a few more facts were highlighted. At the conference in Phoenix, one of the clients (and there was probably more than one client) requested they go to the strip club. One of the clients that attended was female and she was the one to come forward with a complaint. The employees paid for the excursion with their own money. All of a sudden there are a lot more shades of gray to the story.
But the most interesting aspect to me is that New York (where the employees are based) has a law saying you can not be fired for after-hours activities that are legal. I’m sure the law is to protect from other types of discrimination. So were the employees after-hours or not? It’s possible you have two possible discrimination policies/laws in conflict with each other in this case. It could be interesting to see how this plays out, especially as more facts come to light.
Here’s an article on four Morgan Stanley employees fired after they took at least one client to a strip club. In 2004, Morgan Stanley had to pay $54 million to settle a sex discrimination suit that in part included taking clients to strip clubs (making female employees either uncomfortable or at a disadvantage if they didn’t play along). Since the settlement, it has been part of Morgan Stanley’s policy not to do what these four employees did. So at this point you’re thinking how stupid could they be?
But wait, there’s more. While watching a news program at the gym yesterday, a few more facts were highlighted. At the conference in Phoenix, one of the clients (and there was probably more than one client) requested they go to the strip club. One of the clients that attended was female and she was the one to come forward with a complaint. The employees paid for the excursion with their own money. All of a sudden there are a lot more shades of gray to the story.
But the most interesting aspect to me is that New York (where the employees are based) has a law saying you can not be fired for after-hours activities that are legal. I’m sure the law is to protect from other types of discrimination. So were the employees after-hours or not? It’s possible you have two possible discrimination policies/laws in conflict with each other in this case. It could be interesting to see how this plays out, especially as more facts come to light.
posted by Dwight at
11:01 AM
1 Comments:
I wonder why did the female employee did not protest earlier? Or how did the guys not clue in to the fact she wouldn't be interested. Somehow I don't see this as the end of the world, but I understand that ML had to do what they did in light of the allegations. On the other hand, I'm sure taking clients to strip clubs happens all the time. It is a legal form of entertainment.
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Anonymous, at 8:41 PM
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