Damn You, Frank. Damn You To Hell.

Author:
Updated:
Original:

You (et al) had to stick your nose(s) in the Northern Trust trough, didn't you, you meddling bastard(s)? Now you've gone and scared Morgan Stanley off, a firm which, you should be reminded, canceled Christmas this year. And now, because it's apparently a crime to kick back and whack a few, this. I hope you realize John Mack's going to have to bring in a boatload of Sicilian pastry desserts to make this up to the team.

Morgan Stanley (MS.N), citing a tougher market and political environment, said on Wednesday it will not entertain clients and executives as part of a professional golf tournament it is sponsoring in June.
[...]
Morgan Stanley will continue to sponsor the event from June 4 through June 7, "The Memorial Tournament presented by Morgan Stanley," at a Dublin, Ohio, golf club. Typically, sponsorship deals are subject to contracts that are difficult, and expensive, to cancel.
The investment bank last fall received $10 billion from the Treasury as one of the first banks bolstered by the Troubled Asset Relief Program, or TARP.
Morgan Stanley (MS.N), citing a tougher market and political environment, said on Wednesday it will not entertain clients and executives as part of a professional golf tournament it is sponsoring in June.
"We've canceled our participation in the event due to the environment," a spokeswoman said, though she declined further comment.

Related