Time was, entertaining a client on Wall Street was a relatively straightforward affair. Invite them to dinner at a steakhouse, maybe hit up some kind of sporting event, round out the night at a strip club. It was a simpler time, of simpler tastes. In the last number of years, though, things have changed. Most people would prefer to hit up a spinning class rather than spend upwards of 5 or 6 hours in the presence of some insufferable sales guy, and when they do want to involve scantily-clad entertainment? Candy on Stage 5 no longer cuts it.
According to one former UBS banker, if you're serious about winning business, you need to break out the broken glass, and if we're talking about giving the people what they really want? Well, then we need to talk about them getting pissed on.
From an eFinancial report:
“No one really goes for pole dancers now,” one hedge fund manager tells us. “I’ve been taking my established clients to the Box in Soho instead. It’s a bit of a difficult call as it can be very outrageous – you need to be careful who you take there, but it can also be very memorable.” [...] Sharon Kay, founder of Burlesque Baby, which runs a burlesque school and organizes corporate events, says pole dancing is perceived as universally trashy and that risqué corporate entertainment now takes a more stylish, vintage and bizarre approach. “Corporate clients will ask burlesque performers not to go down to their tassles,” she says. “If anything, there’s been a move away from burlesque too – it’s now much more about bizarre acts. People want crazy body stuff, like walking on glass. The new theme is the old school travelling circus, or sideshow.” Diego Lijtmaer, a former UBS banker who now runs private event company Bacanal, says financial services professionals are his key clients and that no one’s interested in pole dancing and gratuitous nudity. “People buy experiences. We don’t have strippers, but we do have dancers and sometimes they might not be fully clothed. “The stripper thing is passé in banking,” Lijtmaer adds...
Meanwhile, back at The Box the hedge fund manager says he feared things had gone too far when one of the performers urinated into a crowd which included his clients. “I was afraid I was going to be in big trouble,” he says. “But when I looked at them, they were loving it.”
Hopefully everyone here has learned something today.
Forget pole dancing. These are the risqué entertainments financiers go for now [eFinancial]
Related: At Least One Salesperson On Wall Street Still Prefers Entertaining Clients The Good Old Fashioned Way (Taking Them To Strip Clubs In The Bronx), Thank You Very Much; Who Among Us Hasn’t Tried To Order A Ballet Dancer To Boost Morale Among Fixed Income And Ended Up With A Pole Dancer?