New York - March 15, 2000

Fashion Crisis on Wall Street

Fashion Help for Men

Stock market fluctuations may cause jitters, but what really has Wall Streeters floundering is the latest decree from the powers-that-be at a growing number of firms. Places such as J.P. Morgan and Goldman Sachs have recently declared a 24/7 DD policy (that’s dress-down in layman’s terms, and we’re not just talking Fridays), and it’s rumored that Credit Suisse/First Boston and Morgan Stanley Dean Witter are to follow suit. “It’s a total crisis,” says Lincoln Ellis of Morgan Stanley. “Everybody’s freaking out. You should see Fridays as is. They’re a total fashion disaster.”

Whatever is a boy to do? We asked Simon Doonan, creative director of Barneys New York for counsel. “Don’t be fashion-y if you don’t feel it. Think of the American film heroes of the 40’s and 50’s: Robert Mitchum, William Holden. Otherwise you’ll to end up looking like one of the guys from The Sopranos.” “Which,” he added, “is a valid look, but not right for finance.”

Other wisdom from Doonan: “Top-Siders are a real drag,” and “Avoid sock exposure.”

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