Wall Street sex scandals

The WSJ's Deal Journal points out that there are surprisingly few, considering all the money and testosterone on Wall Street.

BP Chief Executive John Browne left both his post at the oil company and his directorship at Goldman Sachs Group last year after it was revealed that Lord Browne had lied to a court about his young male lover, whom he had met through an escort-service Web site. A group of six women sued Dresdner Kleinwort in 2006 for $1.4 billion on allegations that male executives entertained clients at strip clubs and even brought prostitutes back to the office. The case was settled out of court in 2007. Canadian hedge fund manager Paul Eustace in 2007, by his own admission in a deposition filed in court, lied to investors and cheated on his wife with a stripper. In 1987, Peter Detwiler, vice chairman of E.F. Hutton & Co., was, according to court testimony, instructed by his client, Tesoro Petroleum Corp. Chairman Robert V. West, to hire a blonde prostitute for the finance minister of Trinidad & Tobago, which had been supporting a tax issue that would have hurt Tesoro’s profits.

One especially sad footnote to the Spitzer case: Court documents show that Client 9, who has been identified as the NY governor, requested an escort on Feb. 13. That’s the day before Valentine’s Day.