New York Confidential - Top Firm Warns Staff

Gary Lynch, Morgan Stanley's Chief Legal Officer, has sent a memo to all staff warning them to stop leaking confidential information about the firm's plans outside the organisation. Predictably, the memo has found it's way outside the firm:

'To: All Employees

From: Gary G. Lynch

As you all know, the Firm views open, honest and robust exchange of information as essential to our business. With this in mind, senior management provides information to all employees about significant developments at the Firm through internal memos and e-mails, and by holding Open Forums where John Mack and other members of senior management are available to answer your questions.

At the Open Forums, we have repeatedly asked that you treat this information as confidential and meant for our employees only, and the memos and e-mails from management are clearly marked for 'internal use only'. Similarly, the Firm's Code of Conduct prohibits disclosure to third parties of confidential 'internal use only' communications.

Yet despite these clear directions, these communications are making their way outside the Firm. Based on a recent review of outgoing e-mail, it was disappointing to see how often our employees ignore their obligations to keep internal Firm matters within the Firm. While we understand the impulse that led some of you to pass on these communications to your spouses or partners, a distressing number of employees have distributed this information to a far broader range of individuals.

Candid and full communications with employees is vital to our future success, but the quality of that communications depends on you. We therefore renew the request that you respect the policies on internal communications and make every effort to keep the information shared with you within the Firm'.

READER COMMENT

1. 'Really good of Morgan Stanley to understand 'the impulse' staff have to pass on internal communications that may affect their futures to their loved ones!

2. 'Why does Morgan Stanley refer to itself as a Firm (capital F) ? Seems a bit sinister to me'.

Source - DealBreaker

Please use the 'E-Mail' button immediately under the article title to send this information to a friend.

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts