• 12 Dec 2011 at 4:43 PM

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

By

…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]

Comments (19)

  1. 1
    Posted by guest | December 12, 2011 at 4:58 PM

    Where are the clients' artisinal pigs in a blanket?

  2. 2
    Posted by Capt. Hogvious | December 12, 2011 at 5:19 PM

    In a blanket, duh.

  3. 3
    Posted by Col. Klink | December 12, 2011 at 5:35 PM

    Artisinal pigs in a blanket in a blanket?

  4. 4
    Posted by VOIP | December 12, 2011 at 5:42 PM

    you gotta pay to play
    -Raj

  5. 5
    Posted by wahoo | December 12, 2011 at 5:46 PM

    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

  6. 6
    Posted by Guesticles | December 12, 2011 at 5:59 PM

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

    -W. Falcone
    Harbinger Research

  7. 7
    Posted by 2_Small_2_Bail | December 12, 2011 at 6:11 PM

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

    -J Mack

  8. 8
    Posted by J. Mack | December 12, 2011 at 6:12 PM

    Is she wearing Manolo Blahniks?

  9. 9
    Posted by J. Mack | December 12, 2011 at 6:20 PM

    Don't get your dendur up!

  10. 10
    Posted by Edmond_Dantes | December 12, 2011 at 6:54 PM

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

    Sincerely,

    Howie Hubler

  11. 11
    Posted by Eric | December 12, 2011 at 7:18 PM

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

    John Thain

  12. 12
    Posted by Guest | December 12, 2011 at 7:58 PM

    Both of you are a couple of pussies!

    Dennis Kozlowksi

  13. 13
    Posted by Partygoer | December 12, 2011 at 9:32 PM

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

  14. 14
    Posted by Ken Houghton | December 12, 2011 at 11:52 PM

    $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.

  15. 15
    Posted by Optimus Quant | December 13, 2011 at 3:54 AM

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

  16. 16
    Posted by guest | December 13, 2011 at 9:56 AM

    Tell us about the ways of the world Ken.

  17. 17
    Posted by Wow | December 13, 2011 at 9:58 AM

    Thanks for the "read." Wouldn't have been clear without that.

  18. 18
    Posted by guest | December 13, 2011 at 4:39 PM

    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.

  19. 19
    Posted by crork | September 11, 2012 at 8:58 PM

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