Numberous Ethics Violations by MS CTO Alleged

The news at Morgan Stanley just keeps getting worse. After mass defections over recent months now the firm’s chief technology officer has gotten caught with his hand in the cookie jar. Guy Chiarello, score primo tix to sporting events, got vendors to install fancy electronics in his home, and used Morgan’s IT budget to help the firm land investment banking deals, according to The Post. The problem? Looks like some of these activities may have been in violation of the firm’s ethics codes. A Morgan spokesman said the firm has found “no evidence that Mr. Chiarello’s conduct warranted disciplinary action.” Once again, the nail in the coffin in this case is the trail of email messages. When are Wall Streeters gonna learn? Step outside and use your friggin’ cellphone, people!
Breach of Ethics [NY Post]

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