More on Racism

[Henry C.K. Liu]

Thanks in part to the efforts of Rev. Jackson, Wall Street has open its
door a crack for blacks. Two sensational cases are worth noting: that of
Joseph Jett and Christian Curry.  The latter has a mega buck
discrimination suit against his employer, Morgan Stanley.  Jett's book
"Black and White on Wall Street" has just been published and reviewed
yesterday (June 7) by the WSJ. Jetts was successful enough to to paid by
his employer, GE's Kidder Peabody $16 million /year before they accused
him of irregularities. There is no need to repeat the details of the
cases, as they have been thoroughly reported in the press.
The WSJ review of Jett's book begins:
"He read Byron, listened to Mahler and delved into Nietzche.  And on
Wall Street, African American Joseph Jett was accused of emulating
Machiavelli."

Curry is from an upright New York family who apparently was dismissed by
MS for having posed nude for a magazine,  MS offer or paid $10,000 to a
college friend and fellow employee of Mr. Curry to entrap the latter.
Two MS in-house lawyers have been abruptly suspended in connection with
the dubious but "legal" payment.  The case is on-going with the usual
charges and counter charges.

Anyone remotely connected with Wall Street knows that cases like this
happens every Friday.  Most of the time, these incidents are resolved
internally to avoid washing dirty linen in public.  Is it only a
coincidence that these two cases are handled differently?

Henry C.K. Liu