Morgan Stanley Exec Faces 11 Years For Stabbing Cab Driver

http://www.huffingtonpost.com/2012/03/19/william-…

The day, December 21, 2011, had started out normally as he left the kind of home - sweeping curved staircase, perfectly plumped chintz pillows, backyard swimming pool and a Ferrari in the garage - that makes many New Yorkers deeply jealous, and headed to the steel-and-glass tower in midtown Manhattan where he directed the firm's bond business.

In the afternoon, he hosted a charity auction in the city to benefit sick children. That night, he attended a Morgan Stanley holiday party at the swanky rooftop bar at Ink48 Hotel. When he left the party, he looked for the black town car that was supposed to take him to his $2.7 million mansion in the wealthy enclave of Darien. He couldn't find the car, so he hailed a yellow cab.

In less than two hours, what allegedly began as a tussle over a cab fare, which the taxi driver said was $204, led to a struggle that could cost Jennings his career.

Really interesting and full in-depth article and background of alleged perpetrator and victim from Reuters.

It's a really crazy and unfortunate story.

Do you guys believe he will lose his job even if he is found not guilty as an unnamed MS exec claims in the article?

10 Comments
 
Best Response

I think there's more to this story than either side lets on.

It's probably not surprising to many of you that your MDs and partners have ample opportunity to lead double lives -- a family life on the one hand, and an indulgence on the other.

He claims he couldn't find a town car. Hm.

What may have happened instead is that he hails a cab on his own dime (towncar is paid for by MS). Why? Because he's making some stops or going somewhere where he doesn't want anyone to know. It could be a massage parlor, escort's apartment, etc., or a mistress on the side. Or a sex club. Or a gay bathhouse. Or a drug den (as an aside, there was a VC partner in the Bay Area at a reasonably respected fund who died years ago -- of a crack-cocaine overdose; it was local news, and totally shocked the family that their father was VC partner by day, crack addict by night). Whatever it is, he's going somewhere he doesn't want anyone to know.

So he gets into the cab. He tells the cabbie the locations, to wait on him, and eventually take him home to Darien (remember that this was an MS holiday party, so he could get away with coming home "very late" or early in the morning without raising suspicion from his family). He doesn't want to pay the meter, but offers cash. They agree on an amount and the cabbie agrees not to turn on the meter.

He's probably done this before. But this cabbie is different. He smells an opportunity and knows what this guy's up to. So cabbie decides to change the deal, and blackmail him. Banker gets angry. It escalates into a fight. Banker stabs cabbie in the midst of the fight. Both freak out. Banker gets out of the cab, and runs. Panics. He's panicking because whether he's guilty of the actual charges or not -- he's hiding something that he doesn't want his family or anyone else to know, which is why he took a cab in the first place.

The fact that there is so much of the story being a "his word against mine" on both sides suggest that both sides have something to hide.

Alex Chu www.mbaapply.com
 
MBAApplyI think there's more to this story than either side lets on.

It's probably not surprising to many of you that your MDs and partners have ample opportunity to lead double lives -- a family life on the one hand, and an indulgence on the other.

He claims he couldn't find a town car. Hm.

What may have happened instead is that he hails a cab on his own dime (towncar is paid for by MS). Why? Because he's making some stops or going somewhere where he doesn't want anyone to know. It could be a massage parlor, escort's apartment, etc., or a mistress on the side. Or a sex club. Or a gay bathhouse. Or a drug den (as an aside, there was a VC partner in the Bay Area at a reasonably respected fund who died years ago -- of a crack-cocaine overdose; it was local news, and totally shocked the family that their father was VC partner by day, crack addict by night). Whatever it is, he's going somewhere he doesn't want anyone to know.

So he gets into the cab. He tells the cabbie the locations, to wait on him, and eventually take him home to Darien (remember that this was an MS holiday party, so he could get away with coming home "very late" or early in the morning without raising suspicion from his family). He doesn't want to pay the meter, but offers cash. They agree on an amount and the cabbie agrees not to turn on the meter.

He's probably done this before. But this cabbie is different. He smells an opportunity and knows what this guy's up to. So cabbie decides to change the deal, and blackmail him. Banker gets angry. It escalates into a fight. Banker stabs cabbie in the midst of the fight. Both freak out. Banker gets out of the cab, and runs. Panics. He's panicking because whether he's guilty of the actual charges or not -- he's hiding something that he doesn't want his family or anyone else to know.

The fact that there is so much of the story being a "his word against mine" on both sides suggest that both sides have something to hide.

That is a nice story and all, but completely made up. Maybe the guy was going to get drugs, maybe something else, but until it is proven in court I think we should give this dude the benefit of the doubt.

Besides, who cares if MS is paying for a town car. This guy could have gotten a town car off the company dime or at least paid a dude to be discrete.

Guy will not set foot in jail.

 
MBAApply The fact that there is so much of the story being a "his word against mine" on both sides suggest that both sides have something to hide.
You should be a TV writer!!!

I wish there was one of those Taiwanese animation videos for this story.

 

Wow that article was almost too in-depth. Just a couple things:

1) No fucking way there "wasn't cell phone service" at Jennings' giant mansion that prevented the cabbie from calling police.

2) The cabbie tried to take advantage of his rich passenger and charged more than was necessary.

I mean why would Jennings, the fucking head of Morgan Stanley's bond operations in North America, not pay a cabbie $200? He could've easily dished that out. There's no fucking way he's being frugal and low-balling someone who just drove him all the way home. Rather, the asshole driver probably tried to rip him off, and he refused to pay on principle.

And then said driver decided to GTFO, keeping Jennings in the car, and that's when the knife was brought out.

 

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Illum quisquam sequi corporis illum. Incidunt assumenda nihil possimus praesentium aut iusto. Veritatis quo qui velit modi in.

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