Facebook's Lead Bookrunner Still Making Zuckerberg Work For It

"FYI: Facebook still blocked at MS. Awkward. (Also, no banners or giant thumbs)." [Earlier, Related: Things that would never happen at JPMorgan]
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"FYI: Facebook still blocked at MS. Awkward. (Also, no banners or giant thumbs)." [Earlier, Related: Things that would never happen at JPMorgan]

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What If Mark Zuckerberg Wore A 3-Piece Suit And A Monocle To The Facebook Roadshow?

What if Mark Zuckerberg wore cutoff jean shorts and a mesh Hawaii 69 football jersey to the Facebook roadshow? What if Mark Zuckerberg wore a Mr. Peanut costume to the Facebook roadshow? What if Mark Zuckerberg wore a tuxedo tee-shirt to the Facebook roadshow? What if Mark Zuckerberg dressed as Robocop for the IPO roadshow? What if Mark Zuckerberg wore Crocs to the Facebook roadshow? What if Mark Zuckerberg entered the roadshow as a member of the Lollipop Guild? What if Mark Zuckerberg wore Capri pants to the Facebook roadshow? What if Mark Zuckerberg wore a wetsuit to the Facebook roadshow? What if Mark Zuckerberg wore a Lacoste polo with an argyle sweater wrapped around his neck to the Facebook roadshow? What if Mark Zuckerberg wore the Hannibal Lechter mask from Silence of the Lambs to the Facebook roadshow? Would things have turned out differently? If Zuckerberg had left the hoodie at home? One guy says yes. "I felt that had Mr. Zuckerberg worn a jacket instead of a hoodie (showing them that he respected them enough to "dress up"), he would have made a statement to them that he cares about their needs, and will act in their best interest. He chose not to make that statement, and the current share price demonstrates that investors have chosen not to support Facebook shares. All of this is iterative. Had Facebook issued 10 million shares instead of 421 million, the stock would probably be much higher. However, had Mr. Zuckerberg worn a jacket and reassured investors that he is aligned with their expectations, perhaps more people would be stepping in to buy now." So...yeah.

Confidential To The Haters: Check Back In With James Gorman About Facebook In A Year

Until then, step off, bitch. Morgan Stanley Chairman and Chief Executive James Gorman defended the securities firm's role in Facebook's tumultuous initial public offering, telling employees internally that the firm worked "100% within the rules" and calling the steep decline in Facebook's stock "disappointing." Mr. Gorman, in a weekly strategy meeting Tuesday that was later webcast to employees, said "speculation of nefarious activity" surrounding the social networking company's IPO is untrue. Contrary to some reports, he said, he wasn't "aware of any dissent" among the underwriting firms regarding Facebook's IPO price of $38 a share. The discussion, called a strategy forum, is held weekly at the firm. The event, which Mr. Gorman attends periodically, features commentary from analysts and economists and is linked to on the company's internal website. Mr. Gorman told employees to "be proud of the job your colleagues did [in the Facebook IPO process] and don't judge us based upon what happened over a couple of days." Commenting on Facebook's stock performance, Mr. Gorman acknowledged the first day of trading "matters" but added investors should also judge an IPO based on its share price after 30 days, 90 days and 12 months. Morgan Stanley Chief Defends Facebook Handling [WSJ]