Morgan Stanley Says Harold Ford Jr. Wasn’t Fired for Sexual Misconduct


Mr. Ford has denied that he behaved improperly, and he threatened to sue Morgan Stanley for wrongful termination and both the bank and the journalist, Lauren Tara LaCapra, for defaming him. Mr. Ford’s lawyers had been pushing Morgan Stanley to issue a statement saying he wasn’t fired for sexual misconduct, according to a person close to Mr. Ford.

Ms. LaCapra did not respond to requests for comment Monday.

Ms. LaCapra, a financial editor at Reuters who once covered Morgan Stanley as a reporter, accused Mr. Ford of grabbing her and trying to pull her into an elevator after a dinner in February 2014. Fourteen days later, she emailed him: “I felt that some of your conduct was inappropriate and it made me uncomfortable.” She asked Mr. Ford, who had invited her to join him for dinner again, to stop contacting her.

Mr. Ford apologized at the time, and the contact ceased.

Late last year, reporters started asking Morgan Stanley about the events surrounding that dinner. Morgan Stanley conducted a brief investigation and fired Mr. Ford.

Monday’s statement didn’t say why Mr. Ford had been fired, besides noting that his departure “was based on corporate policy.”

The New York Times reported this month that Mr. Ford had been accused at Morgan Stanley of padding his expense account and mistreating his assistants, according to people close to the bank and to Mr. Ford. Mr. Ford has acknowledged that he faced warnings over the issues, but he has said he behaved appropriately.

Correction: January 22, 2018

An earlier version of this article misstated how much time elapsed before Lauren Tara LaCapra sent Harold E. Ford Jr. an email about his behavior at a dinner. It was 14 days, not nine days.

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