The most prominent figure of Wall Street so far to be entangled in the sexual misconduct lynches that have recently overtaken the nation has been fired from his job. After investigating accusations of harassment against former Congressman Harold Ford Jr., New York-based Morgan Stanley has relieved him from his position at the firm, while Ford continues to deny claims of any misconduct.
In a statement, on Thursday, December 7, Morgan Stanley spokeswoman Michele Davis said, “He has been terminated for conduct inconsistent with our values and in violation of our policies.” She would not give any more details on the situation.
According to Bloomberg News, “A woman who dealt with Ford in a professional capacity, but who isn’t an employee of the bank, was interviewed by Morgan Stanley’s human resources department in the probe, according to the Huffington Post. The woman alleged that Ford harassed, intimidated and grabbed her in an incident several years ago, according to the news outlet, which didn’t identify her.”
In an emailed statement, in which Ford revealed that his accuser is a journalist, he said, “This simply did not happen. I have never forcibly grabbed any woman or man in my life. Having drinks and dinner for work is part of my job, and all of my outreach to the news reporter making these false allegations was professional and at the direction of my firm for business purposes. I support and have tremendous respect for the brave women now speaking out in this important national dialogue. False claims like this undermine the real silence breakers. I will now be bringing legal action against the reporter who has made these false claims about me as well as Morgan Stanley for improper termination.”
All around the country, big wig men in politics, entertainment and media, have all recently lost their high paying positions due to allegations of sexual harassment.
In 2011, Morgan Stanley hired Ford as a senior client relationship manager. From 1997 to 2007, he was a Democrat representing Tennessee in the House of Representatives. Before leaving politics to work in the private sector for Merrill Lynch & Co., which was eventually bought out by Bank of America Corp., Ford also served on the Budget and Financial Services committees.
By Rebecca Gold