The sound of corks popping may be replaced by the sound of pins dropping: the next victim of the financial crisis appears to be the lavish holiday party. Morgan Stanley has nixed theirs. News Corporation sent theirs to the cutting room floor while ABC News is planning something more modest. Another financial services firm retains the Christmas spirit but cut the Taittinger and is adding something else (a bull market for prosecco and cava?), to trim the per person tab at their party according to the Times. The (no-)money quote: “Nobody’s ordering caviar as a first course.”
What’s your company doing this year to cut back, if anything? All the Dr. Vino interns were disappointed that this year’s magnum party has been downsized to a 375ml party. But hopefully we will all have something to cheer after the election!