Another Fun Wall Street Guy: Cabbie vs. Bond Trading Exec at Morgan Stanley

You can’t make up this stuff. William Bryan Jennings (fun parents with a little name play on William Jennings Bryan, who, ironically for this story and namesake, was known as “The Great Commoner”), a managing director at Morgan Stanley in the fixed income division, was placed on leave after a cab driver accused Mr. Jennings of stabbing him in the hand with a pen knife. There is also a certain irony found in the name of the Morgan Stanley spokesman who announced the leave: Pen Pendleton.

Mr. Jennings and the cabbie allegedly had a dispute over cab fare after the cabbie drove Mr. Jennings to his $2.4-million home in Darien, Connecticut. Mr. Jennings says that he feared for his life because the cabbie would not let him out of the cab until he agreed to pay $300 vs. the $204 that Mr. Jennings said they had pre-negotiated. Following the alleged stabbing, Mr. Jennings seized the moment, escaped from the cab, and then hoofed it the 1.5 miles to his home. The cabbie went to the hospital for stitches on the wound and notified the police. Mr. Jennings did not contact Darien police until two weeks after the December 22nd incident, citing privacy and safety concerns for his family. Merry Christmas!

Mr. Jennings has been charged with second-degree assault, sixth-degree larceny for not paying the fare, and intimidation by bias or bigotry (because the cabbie has alleged Mr. Jennings used racial slurs during the wild ride). Mr. Jennings is free on $9500 bail and is presumed to be avoiding cab rides. The cabbie is avoiding all investment bankers as fares.

About mmjdiary

Professor Marianne Jennings is an emeritus professor of legal and ethical studies from the W.P. Carey School of Business at Arizona State University, retiring in 2011 after 35 years of teaching undergraduate and graduate courses in ethics and the legal environment of business. During her tenure at ASU, she served as director of the Joan and David Lincoln Center for Applied Ethics from 1995-1999. In 2006, she was appointed faculty director for the W.P. Carey Executive MBA Program. She has done consulting work for businesses and professional groups including AICPA, Boeing, Dial Corporation, Edward Jones, Mattel, Motorola, CFA Institute, Southern California Edison, the Institute of Internal Auditors, AIMR, DuPont, AES, Blue Cross Blue Shield, Motorola, Hy-Vee Foods, IBM, Bell Helicopter, Amgen, Raytheon, and VIAD. The sixth edition of her textbook, Case Studies in Business Ethics, was published in February 2011. The ninth edition of her textbook, Business: lts Legal, Ethical and Global Environment was published in January 2011. The 23rd edition of her book, Business Law: Principles and Cases, will be published in January 2013. The tenth edition of her book, Real Estate Law, will also be published in January 2013. Her book, A Business Tale: A Story of Ethics, Choices, Success, and a Very Large Rabbit, a fable about business ethics, was chosen by Library Journal in 2004 as its business book of the year. A Business Tale was also a finalist for two other literary awards for 2004. In 2000 her book on corporate governance was published by the New York Times MBA Pocket Series. Her book on long-term success, Building a Business Through Good Times and Bad: Lessons from Fifteen Companies, Each With a Century of Dividends, was published in October 2002 and has been used by Booz, Allen, Hamilton for its work on business longevity. Her latest book, The Seven Signs of Ethical Collapse was published by St. Martin’s Press in July 2006 and has been a finalist for two book awards. Her weekly columns are syndicated around the country, and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post, and the Reader's Digest. A collection of her essays, Nobody Fixes Real Carrot Sticks Anymore, first published in 1994 is still being published. She has been a commentator on business issues on All Things Considered for National Public Radio. She has served on four boards of directors, including Arizona Public Service (1987-2000), Zealous Capital Corporation, and the Center for Children with Chronic Illness and Disability at the University of Minnesota. She was appointed to the board of advisors for the Institute of Nuclear Power Operators in 2004 and served on the board of trustees for Think Arizona, a public policy think tank. She has appeared on CNBC, CBS This Morning, the Today Show, and CBS Evening News. In 2010 she was named one of the Top 100 Thought Leaders in Business Ethics by Trust Across America. Her books have been translated into four different languages. She received the British Emerald award for authoring one of their top 50 articles in management publications, chosen from over 15,000 articles. Personal: Married since 1976 to Terry H. Jennings, Maricopa County Attorney’s Office Deputy County Attorney; five children: Sarah, Sam, and John, and the late Claire and Hannah Jennings.
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