Tag Archives: Morgan Stanley

Morgan Stanley Furniture Dump: The Sequel

Last week, Ken Bernhard was Paul Revere.

The Cohen & Wolf lawyer — a former state representative, assistant minority leader and Westport town attorney — was appalled that Morgan Stanley was tossing at least $100,000 worth of office furniture into a wood chipper, in preparation of a move from 320 Post Road West to new digs on Post Road East.

Last Friday, a contractor tossed Morgan Stanley furniture into a wood chipper.

Bernhard contacted Jeff Wieser, CEO of Homes With Hope. The Westport housing non-profit managed to save “1/20” of the cherry desks, tables, chairs, sofas, bookcases, credenzas and other perfectly good goods.

This week, Bernhard was Kojak.

He spent the past few days trying to get answers from Morgan Stanley: about why they had thrown away so much furniture, and whether there was any truth to the rumor that a similar dump — though 4 times as large — is planned for this Friday, at the financial firm’s Nyala Farm site.

Bernhard said he hoped that Morgan Stanley would follow its own policy of “relocating” unneeded furniture “within other MS facilities,” then reselling or donating the rest to a third parties. He urged the company to work with Westport, other local communities and non-profits, allowing access to Nyala Farms for inspection and perhaps recycling of what the firm is about to discard. He even offered himself as a facilitator to help make it happen.

A small portion of the furniture Morgan Stanley threw away …

Bernhard was not pleased with the hemming, hawing and eventual silence from corporate headquarters.

Yesterday, he sent another email. He noted that a hospice facility in Stamford said it needs office furniture. They were happy to send a truck to pick it up.

Bernhard added:

In all honesty, I don’t understand MS’s perceived intransigence in not giving away some of what the company plans to destroy. In some communities the waste of valuable, useful assets might go unnoticed or overlooked, but Westport citizens aspire to do better than that. We have a strong, vibrant recycling program, a Green Task force, and municipal goals to reduce the community’s carbon footprint. Morgan Stanley is a part of our community.

Again, I offer my services to act as facilitator in identifying not-for-profits or others that might benefit from the reuse of furniture that will otherwise be wasted.

So far, he has not heard back.

Meanwhile, the clock ticks toward Friday.

And whatever happens at Nyala Farm — the sprawling office complex tucked away in the rolling hills off the Sherwood Island Connector — will be a lot less visible than it was on Post Road West.

… and another.

Take $100,000 Worth Of Perfectly Good Furniture. Then Throw It Out The Window.

Ken Bernhard is a principal in Cohen & Wolf’s municipal, real estate, and business and corporate groups. He works in the firm’s office at 320 Post Road West.

He’s also a former state representative, assistant minority leader and Westport town attorney.

He’s nobody’s fool.

This morning, Bernhard heard an enormous crunching sound coming from the building’s top floor.

Morgan Stanley — the tenant there — is moving out. Workers were methodically moving every piece of furniture — cherry desks, tables, chairs, sofas, bookcases, credenzas, you name it — onto the ground.

A chipper then chewed every single piece up.

Into the chipper it goes.

Bernhard — who helped create the Syria Fund, which provides education, medical supplies, household goods and food to families living in desperate areas underserved by large, mainstream organizations — was appalled.

He asked the foreman of the company — Total Relocation Services — what was going on. The man said they had a contract. Morgan Stanley’s floor must be “broom clean” by the close of business today.

A small portion of the furniture Morgan Stanley is throwing away …

Bernhard asked the foreman to check that the financial services firm really wanted to toss at least $100,000 worth of perfectly good furniture away.

Yep, the forerman reported. A Morgan Stanley representative repeated the claim: “Broom clean” by the end of the day.

… another shot …

Bernhard swung into action. He called Jeff Wieser. The CEO of Homes With Hope raced over. He salvaged what Bernhard estimates is “1/20” of the furniture being demolished.

Bernhard also called 1st Selectman Jim Marpe. He said he would send someone over, to see what he could do.

The foreman said he’d had no real notice of the project. But, he told Bernhard, next week the company is scheduled to do a project “4 times as big,” not far away. That may be Morgan Stanley’s Nyala Farms complex.

Bernhard hopes to organize non-profits, and save some of what is there.

“It’s a collective effort,” he says.

It certainly is.

But what does it say about Morgan Stanley — and our society — that it has to be?

… and a 3rd. (Photos/Ken Bernhard)