Bingo:
Morgan Stanley suspending most participation at Memorial golf tournament
Entertaining out at Memorial tourney
By Becky Yerak
February 26, 2009
Given the criticism Northern Trust Corp. faced for entertaining people at its golf tournament, Morgan Stanley has decided to avoid the links.
Morgan Stanley, which received a $10 billion injection of government funds, will continue to sponsor the Memorial Tournament, but company representatives won’t be going. “We’re not participating this year due to the environment,” a Morgan spokeswoman told the Tribune on Wednesday.
The Memorial Tournament will be held June 4-7 in Dublin, Ohio, outside Columbus.
The decision came a day after Chicago-based Northern Trust came under fire for wining and dining clients at its namesake PGA event.
http://archives.chicagotribune.com/2009/feb/26/business/chi-thu-morgan-golffeb26
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