Of course, in the new Bloombergian New York, those days seem distant indeed. Still, let us take a by no means comprehensive walk down memory lane, to when Wall Street, both by geography and by industry, has been a victim of akrasia .
 
  • Former Keefe Bruyette & Woods Chief Executive James McDermott was found guilty in 2000 on six of seven counts of insider trading for allegedly tipping off an exotic dancer, Kathryn Gannon–stage name, Marylin Star–to upcoming bank mergers. Gannon, who reaped $88,000 in profit from the information, also was found guilty.
  • 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.
  • Back to Spitzer. We couldn’t help by notice that governor–client No. 9, in court documents–apparently requested an escort from the Emperors’ Club VIP to be sent from New York to Washington, where he was staying at the Mayflower Hotel in Room 871. The date: Feb. 13, the day before Valentine’s Day.