Morgan Stanley: Clinton Speech Was Mistake - NYTimes
NEW YORK (Reuters) - Brokerage firm Morgan Stanley Dean Witter & Co. has told clients it made a mistake by having former President Clinton (news - web sites) speak at a company conference in Florida last week, the New York Times reported on Sunday.
The company's chairman, Philip Purcell, sent an e-mail to clients late last week calling Clinton's appearance an error. The Wall Street firm received dozens of complaints from clients with some threatening to take their business elsewhere, according to the article.
Purcell wrote that he understood clients' unhappiness because of ``Mr. Clinton's personal behavior as president,'' the Times reported. ``We clearly made a mistake,'' he wrote. ``First the decision did not receive the proper review within the firm. And second, we should have been far more sensitive to the strong feelings of our clients.''
Clinton's speech, at a conference on private investment in Boca Raton, Florida, drew protesters who demonstrated against the pardons Clinton granted before leaving office, and the reported $100,000 fee he received from Morgan Stanley for the speech, his first since leaving office. |
