Morgan Stanley Did Not Forgive Banker Accused Of Stabbing Cab Driver Even Though Charges Were Dropped

W. Bryan Jennings


Although the charges were dropped against William Bryan Jennings, the Morgan Stanley managing director accused of stabbing a taxi driver, the bank did not forgive him, The Wall Street Journal’s Aaron Lucchetti reports. From the Journal (emphasis ours): 

He was fired in early October, two weeks before the criminal case died. A brief letter to him didn’t go into much detail, but Morgan Stanley officials have said Mr. Jennings breached the securities firm’s 22-page code of conduct, according to people familiar with the matter.

Now the banker, who goes by “Bryan,” and his former bosses are in a tug of war over millions of dollars in deferred compensation that Mr. Jennings accumulated during his 19-year career at the New York company.

According to the report, the bank is trying to clawback millions from Jennings.  A source close to Jennings told the paper he believes he is owed as much as $5 million in deferred compensation. 

The cab incident occurred last December following a holiday party during a ride from the city to the banker’s Darien, Connecticut home.  

The banker came forward after a news article ran about the incident and he was arrested on February 29th.  The bank also placed him on leave.  

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