SO. MUCH. CLARITY.

Drown them in his tears, that is. (For those of you keeping up at home the answer is yes, this is the second time on record the former IBM exec has cried in public re: Chiesi, the fishnet-wearing analyst he traded all kinds of tips with if you’re picking up what I’m throwing down and I think you are.)

In an interview with Fortune, Moffat came across as emotional, repentant, and chastened. He wept describing the embarrassment he’d brought upon IBM, his colleagues, and family. While he showed little self-pity, he rebuffed the notion that he hadn’t paid a price for his crimes, noting that by leaving IBM he was giving up an estimated $65 million in lost stock options and pension that he would have collected when he retired at 60. “The biggest thing I’ve lost,” he said, “is my reputation.” Moffat was not allowed by his lawyer to discuss his case or his relationship with Chiesi, but when told that Fortune intended to write about the affair, he said this: “Everyone wants to make this about sex. Danielle had an extensive network of business people. And she added clarity about what was going on in the business world…I know in my heart what this relationship was about: clarity in the business environment.”

Oh, god, and there’s also this:

“Moffat was a number cruncher of the first order: He had been, among other things, the head of IBM’s supply chain. Spreadsheets sang to him; he carried three-ring binders stuffed with data about the business. Some people might think his work was dull. But in 2002 he met a hedge fund analyst who found what he did insanely alluring. Danielle Chiesi, a former teenage beauty queen, was a woman for whom business information was the ticket to gratification. She liked older men, and she enjoyed pushing their buttons. “I love the three S’s,” she would tell them. “Sex, stocks, and sports.”

Sex was part of the picture, to be sure, but the dangerous elixir that really bound these people to one another was information. It enriched some of them, it thrilled all of them, and it eventually ruined their careers. Trading business information, Chiesi would say, was “like an orgasm.”

Inside IBM’s Sex And Trading Scandal [CNN Money]
Earlier: Former IBM Exec Bob Moffatt Had A Really Good Excuse For Passing Inside Info To Danielle Chiesi

160 comments (hidden to protect delicate sensibilities)
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Comments (160)

  1. Posted by Goldteef | July 6, 2010 at 7:11 PM

    Ima say it agin. What about a butt?

  2. Posted by Toxic Chic | July 6, 2010 at 7:38 PM

    Is there some place I can go to taunt Uruguay soccer fans?

  3. Posted by Hank Moody | July 6, 2010 at 7:40 PM

    I like getting a little clarity in the business environment, too.

  4. Posted by Anonymous | July 6, 2010 at 8:01 PM

    This kind of thing would never have happened under my watch.

    -Ping

  5. Posted by Anonymous | July 6, 2010 at 8:02 PM

    I like getting some clarity in the copy room.

  6. Posted by ih8edjfkjr | July 6, 2010 at 10:36 PM

    …and an orgasm was like receiving a virus-infected spreadsheet. You see, it’s like the opposite of what you were thinking.

  7. Posted by guest | July 7, 2010 at 8:21 AM

    Sodomy, Scarfing and Sissy-boys.

  8. Posted by Boricua | July 7, 2010 at 8:31 AM

    I never thought I’d hear from Plated again.

    -Guy who posted on Greedy Associates 10 years ago.

  9. Posted by Anonymous | July 7, 2010 at 9:27 AM

    What a loser.

  10. Posted by Anonymous | July 7, 2010 at 9:28 AM

    I whispered into Danielle’s ear “Microsoft Excel,” and she instantly began squirming in her chair, visibly aroused. I told her I’d like to sort some columns later, after which she grabbed me by the tie, ripped the buttons off my shirt, and said “lets sort them here, right now.”

  11. Posted by Anonymous | July 7, 2010 at 10:23 AM

    I know Danielle from my first internship at Bleichroeder way back when. She did institutional sales and was a notorious whore back then. She would suck any analyst or PM’s dick for information or commission dollars. Everyone who stuck their dick in her, I hope they took their penicillin. Ashely Dupree fucked and sucked less cock on Wall Street than her.

  12. Posted by Anonymous | July 7, 2010 at 11:03 AM

    10 ftw

  13. Posted by EvilBuzzard | July 7, 2010 at 11:48 AM

    Daniele sounds like she got networked pretty regularly. Moffat was a loser. He got led around by his 3rd pinkie.

  14. Posted by jj | July 7, 2010 at 12:41 PM

    Chiesi … cheesey chockers

  15. Posted by Madame P J Bailey | July 8, 2010 at 2:26 PM

    Robert (“Blabber Mouth”) Moffat might like to re-write his sordid relationship with Danielle, but the woulda-been IBM CEO should be able to do better than “mere business”. Nice try. Blabber Mouth only makes himself a laughing stock. I bet his lawyers could wring his neck on the eve of his September 13th sentencing.

    Will we ever get to hear his take on his role in IBM’s PONZI scheme – Devon IT v. IBM (June 2010) ??? IBM’s execs actions are so bold that Madoff is blushing !

    Details and links — http://www.ibmTheWidowMaker.com
    Twitter – MadamePJBailey [IBM Widow]

  16. Posted by anon | July 8, 2010 at 11:26 PM

    Poor Mark Kurland and Bob Moffat, I am sure this is the first time they have ever stepped out of their marriages… the wall street angels… talk about the double standard here! and who made all the money here???

  17. Posted by exbear | July 15, 2010 at 11:19 AM

    Bob to Dani: I am looking for some clarification on 2nd quarter estimates…so whip out you left breast.
    Dani to Bob: I want to better understand your strategic vision…but put a condom on first
    Kurland in the closet, ear to the door and hand on unit: You should more of this Dani-

  18. Posted by Anonymous | July 23, 2010 at 8:42 PM

    Sadly, Bob Moffat has had affairs throughout his career. With his IBM coworkers. This certainly wasn’t the first time.

    Sadly, his wife over the years has known about said affairs and forgives him over and over…..for all of his misgivings.

    Maybe thats why she has been a two pack a day smoker forever.

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