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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (126528)	2/10/2001 11:26:56 PM
From: DMaA	Read Replies (1) \| Respond to of 769670

Morgan Stanley apologizes to customers for bad judgement in inviting a lying rapist to speak at Florida conference: February 11, 2001 Single-Page Format Morgan Stanley Says It 'Clearly Made a Mistake' by Inviting Clinton to Speak By PHILIP SHENON ASHINGTON, Feb. 10 — The chairman of Morgan Stanley has told clients that the Wall Street investment company "clearly made a mistake" by having former President Bill Clinton speak at a conference in Florida on Monday, saying the firm understood their unhappiness in light of "Mr. Clinton's personal behavior as president." In an e-mail message to clients, the company's chairman, Philip J. Purcell, acknowledged what he called an error. The message was sent on Thursday and Friday to Morgan Stanley customers who had expressed outrage over reports that Mr. Clinton was paid $100,000 or more for the appearance in Boca Raton, Fla., his first speech since leaving office. A spokesman for Morgan Stanley, Ray O'Rourke, said that the firm had received dozens of complaints from clients, with some threatening to take their business elsewhere, and that Mr. Purcell had decided to respond directly to them. In the message, the Morgan Stanley chairman said: "I fully understand why you are upset that former President Clinton spoke at one of our conferences." "We clearly made a mistake," the message said. "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 over Mr. Clinton's personal behavior as president." "We should have thought twice before the speaking invitation was extended," the e-mail message continued. "Our failure to do so was particularly unfortunate in light of Mr. Clinton's actions in leaving the White House." nytimes.com