Simon English: Schmoozing in the City has not gone away
Friday 02 March 2012
Outlook The City is doing its entertaining in secret lately. In the old days, before 2007, being flash in public was definitely part of the fun. Why not? Everything was going swimmingly and the City was the heart of everyone's success. It had said this so often that people believed it.
Lately, with public hatred of financiers at all-time highs, a different ethos has taken hold. Memos have been written, the core message of which can be drummed down to this: don't get smashed in public. If you insist on embarrassing yourself with lap-dancers, don't get caught.
Last summer traders at Icap were told that The Box, an expensive burlesque club in Soho, was now on the "excluded list".
But entertaining clients remains as big a part of how business gets done in the City as ever, perhaps more so now that there is less trade to go around.
So there's been a boom in private dining in posh hotels. To get a private room in, say, the Dorchester, I'm told, you need to book about four months ahead. Morgan Stanley have got it every night till then (note to Morgan's lawyers and Dorchester PR people: I'm clearly exaggerating, put the phone down).
Morgan doubtless has a fine chef and a decent wine cellar, but if you entertain in-house, the boss gets to see exactly who you were schmoozing and just how much they put away. If you're off-campus, you might get away with just giving him a bill for the final amount, and bad behaviour will not be reported back.
It may not be an appealing sight, but perhaps the truest sign that the economy is turning will be when traders think it is again acceptable to act out in public places.
- 1 Pope Francis issues top 10 tips for happiness
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 Now diplomacy has failed, boycotting Israel might be the only way we can protect the people of Gaza
- 4 Israel's propaganda machine is finally starting to misfire
- 5 Kelsey Grammer forgives the man who raped and murdered his sister in 1975
Russell Brand accuses Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness
Kenny Ireland dead: Benidorm actor dies aged 68
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Air Algerie AH5017 crash: Jet fell 30,000 feet in three minutes ‘due to violent storm’
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£200 - £500 per day + competitive: Orgtel: I am currently working on a large p...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
Negotiable: Harrington Starr: Operations Engineer (Redhat, UNIX, Solaris, Data...