Rightful Determination –
April 2, 2018 – A former New Jersey broker for the Wall Street bank was deemed a “reputational risk” and fired after publishing a November 2017 memoir about getting sober after years of bad behavior, The Post has learned. The move to oust the broker was made even though the bad behavior occurred years before he joined Morgan Stanley in January 2006. And, even more stupefying to the broker, Craig Schmell, was that his ouster came while the bank took no apparent steps to discipline a second broker who it knew, over the course of 15 years, was accused by four women of assaults and threats. “Their priorities are all upside down and backwards,” Schmell told The Post in an interview last week … “The Uninvited” includes stories about him crashing star-studded events — like a party on Donald Trump’s yacht in 1987 and the 1988 Grammy Awards. Schmell agreed last June to extensive manuscript edits to remove references to doing drugs like mushrooms and cocaine, court papers claim. But in August, executives at the bank panicked about the book and asked for further edits to remove all references to his past life, it is alleged.
