Lynn Tilton: Never Apologize For Sending Near-Naked Christmas Cards To Your Clients And Friends On Wall StreetBy Bess Levin
As many of you know, in 1988, Lynn Tilton distributed holiday cards whose theme can best be described as “Dominatrix Santa” to her ten best clients. Tilton has explained her rationale for doing so in the past (“For many years I had men asking me on the phone each day what I was wearing and what color my underwear was, so I sent out a Christmas card with me in a red lace sort of teddy, and red cowboy boots and a Santa hat, wishing them a Merry Christmas), and when asked again this week by the Wall Street Journal to explain her thinking, added that:
1. At the time, she thought she was retiring and therefore would not have to worry about these pictures coming up again when, say, she was running her own private equity firm and 2. While she doesn’t think she’d “do that today,” she still “own[s] it” when the subject comes up. Something to think about, in case you can’t resist circulating similar photos on your last day of work (Schwarzman).