News

John Mack Can Have His Artisanal Pigs-In-A-Blanket Sans Flak When Morgan Stanley’s Stock Price Hits Triple Digits

…it was an after-party for Mack that now has both current and future Morgan Stanley executives fuming. That party, according to people who were invited, took place at the swanky Temple of Dendur in the Metropolitan Museum of Art in Manhattan. The Temple features ancient Egyptian art and artifacts, where people with big bucks can sip wine and munch on expensive hors d’oeuvres as if they were hanging with Cleopatra…But what has some Morgan executives, both past and present, angered is the cost for the Temple bash and that Morgan appears to have picked up the tab, according to people close to the firm. To be sure, the price of renting a room at the Temple isn’t cheap. Corporations that become “patrons” of the Met pay an up-front fee of $60,000, which allows them to rent the Temple once a year and then pay an additional $38,000 to hold a two-hour reception. “Take a look at the stock price and tell me why they should be spending company money on this crap,” one former senior executive told FOX Business. [FBN]

19 comments
(hidden for your protection)
Show all comments

19 Responses to “John Mack Can Have His Artisanal Pigs-In-A-Blanket Sans Flak When Morgan Stanley’s Stock Price Hits Triple Digits”

  1. guest says:

    Where are the clients' artisinal pigs in a blanket?

  2. VOIP says:

    you gotta pay to play
    -Raj

  3. wahoo says:

    Temple of Dendur is nice and all, but you haven't LIVED until you've danced with the devil in the pale moon light.

    – Nails/Sheen/D. Strawberry/L. Kudlow/Boston George/The 80's

  4. Guesticles says:

    We initiate coverage of MS at "underperform," and remain bearish on the consumer blanket sector (just in case).

    -W. Falcone
    Harbinger Research

  5. 2_Small_2_Bail says:

    Peel back whatever you want from the Operating Teams…just don't touch my G&A budget!

    -J Mack

  6. J. Mack says:

    Don't get your dendur up!

  7. Edmond_Dantes says:

    Kinda hard not to love that sh*t eating grin…

    Sincerely,

    Howie Hubler

  8. Eric says:

    $38K?! I spent that on a commode.

    John Thain

  9. Partygoer says:

    The New York Philharmonic's rendition of Mark Morrison's "Return of the Mack" was at once whimsical and incandescent!

  10. Ken Houghton says:

    $100,000, total? Why are we talking about pocket change? (Heck, Bess, Barry R. offered you that much to join his blog a year or two ago. And that was his initial offer.)

    Iirc, UBS has (used to have?) a bash once a year for key (read: HNW; dynastic wealth) clients there. I suspect MS does the same, but this year decided instead to spend the $38,000–remember, the $60,000 is sunk cost–appreciating John Mack's stewarding the firm through waters that took down BSC, LEH, and ML.

  11. Optimus Quant says:

    Getting a VIP invite to the retirement party of the guy that fired you for losing billions of dollars is the NKI.

  12. guest says:

    Typical treatment the ruling class gives itself.Almost bankrupted the firm, down from over 100 a share, an obvious squashed insider trading probe ala Art Samburg, certainly he deserves the best.I see a position at Treasury in the future.

  13. crork says:

    cVKc4n Say, you got a nice blog. Much obliged.

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •