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Morgan Stanley: Now with 6% Less Sexual Harassment

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Former Morgan Stanley tech exec Arthur Reil is claiming that his discovery of what the Post calls "x-rated" emails between two of his overlords led to his firing. How x-rated?:

In a twist of fate, out of millions of e-mails, Riel said he found some of the terms in a thread between Kilcoyne and Tanaka. In one e-mail obtained by The Post, dated July 7, 2004, Tanaka describes her admiration for the prowess of Italian men, whom she called "Italian Stallions." She also graphically described her boyfriend's physical attributes as "The Italian Sausage." An earlier thread discussed the possibility of Tanaka and her boyfriend joining Kilcoyne and her husband, who also works in Morgan's IT department, to attend the Adult Video News porn movie awards in Las Vegas. Several weeks after he came across the e-mails, Riel said the firm accused him of violating the privacy of his colleagues.

Please. Our dry cleaner talks dirtier to us than that. (No pun intended.) But there's an easy way around email filtering for this sort of thing, as demonstrated by our own Muffie Benson-Perella, after the jump...
E-mail Troubles [NY Post]

Muffie, my headquarters is similar to yours. Consequently we should merge?
Are you at Blackstone?
Posted by: Muffie Benson-Perella | April 4, 2006 12:11 PM
It would be too easy if I were at Blackstone. I will tell you I too find Cain to be a little past it's prime, like an insurance company's headquarters, and would rather spend my time at my alma matters club or sipping cocktails at the Bungalow which I presume are more analogous to the satellite offices you would frequent. Don't you think this is enough logic for me to prove we should merge (it certainly is more than the logic would bestow on us readers yesterday), or at least embark on a joint venture?
Posted by: aw | April 4, 2006 12:34 PM
At this point a buyout would be very expensive for a potential acquirer and probably require the use of crippling leverage. Seller is also unlikely to accept stock in lieu of cash.
You'll also need to worry about a White Knight emerging once the asset is "in play." On reflection it is hard to imagine that would be Blackstone though, I suppose.
Posted by: Muffie Benson-Perella | April 4, 2006 12:42 PM
I would never even consider entering into negotiations with you if I could not provide you with an all cash offer for your assets. I worry none about a white knight emerging. I have enough cash to outbid any knight you might solicit. And this offer premium will be such any culture clash can be overcome.
Posted by: aw | April 4, 2006 01:06 PM

Double-entendre: the banker's friend...