Excerpts from "The Pride"

The Pride – Chapters 5 & 6

What a tangled web….

It was O.K. because no number of sit ups or pushups or bench presses could make me forget that there was something worse for me than delivering the eulogy for my father. That’s because six months after my father died, my younger brother died in a freak hang-gliding accident in the hills east of Monterey, California.

For almost a year, I spent almost all of my nonbillable time on estate matters, insurance matters, closing down residences, selling furniture and poring over endless piles of personal effects. There is certainly worse torture; I just don’t want any part of them.
A psychoanalyst might say that these serial deaths were the reason that I pursued such a self-indulgent lifestyle, but the truth is much simpler – I like to have a good time. And someone like Lisette Bailey could make a man forget almost anything.

It was almost as if she realized that there was this cloud, this burden, and she seemed to dedicate her time with me to make it all go away. At least that’s how it seemed to me. She probably was just having a good time too. Her angelic smile and endless, eternally creative, devilish desires always made me want to forget.

I could never forget the pain and sadness that I have felt in losing my father and brother that way. And she could never make me forget Samantha Gideon, although I never would have dreamed that Samantha would be gone from my life someday.

Even now, married and with a son, a day does not go by that I don’t think about her. I have grown accustomed to the reality that her memory will be with me as long as I live.

There are a lot of theories about true love, and none of them are wrong and none of them are right. I believe that it’s all about time and space and circumstance and serendipity and the lottery-like happenstance of romance. I love my wife and my son, but who knows?

If Samantha hadn’t gone away so suddenly, maybe she would have been the mother of my son. How different would my life be now? I have no regrets at this stage of my life, but still, I can’t help but think about these things from time to time.

Finishing my shower, I still had time to get dressed and attend to my home computer and the attendant e-mail messages before leaving for the funeral, which was to be held at the Riverside Church, no more than a ten minute taxi ride from my house.

Before going to my home office, which was on the second floor of my townhouse, I went down to the first floor kitchen, with its appointments of a Garland industrial range and a Norge refrigerator/freezer.
It had a free standing island of marble-faced counter space, rubber tiled floors and indirect halogen lighting. I had to begin my morning have a blended shake of yogurt, fruit juice and soy powder to go along with a veritable pharmacopoeia of vitamins and herbal supplements. I took my cup of Kenyan mountain roast coffee back up the stairs and logged onto my computer.

In the relatively few years of its existence in my world, I have found e-mail to be virtually indispensable. There was a point in my life when there was no e-mail, I just can’t remember it anymore. Just like I can’t remember when there were no faxes or overnight mail. I must admit that I do remember Special Delivery letters.

When I sat down to check e-mail that morning, I had no idea that a note from one of my classmates at Harvard Law School would give me a perspective and then an idea, that would change my life and the lives of many other members of The Pride.

Joel Rosenblatt was one of those people who saw public service as something more than an avocation. He had been in government since we graduated from Harvard, and he now worked as a senior staff member of the United States Senate Finance Committee’s Subcommittee on Banking.

He worked there because he wanted to and liked it, not because he was looking for a platform for a partnership in some K Street or Wall Street law firm. And, he was a good guy.

There is no easy way to put this – so consider this a word to the wise. The shit is really about to hit the fan for some of your investment banking colleagues “of color”. The Securities and Exchange Commission and the Justice Department are working with my subcommittee to hold hearings about the rise of black investment banking firms and the correlation of that rise to their political campaign contributions to black politicians around the country.

Can you believe it? There would be no Merrill Lynch or First Boston or Lehman Brothers without all of the contributions, cash and otherwise, that they have made to various government officials over the years. But it looks like your people are going to have to play the game by another set of rules.

The worst part is that these hypocrites have wrapped themselves in so many veils of self-righteousness that going after these black firms is going to seem like a holy crusade if they ever get any momentum going.

As I write this I realize that I should have some kind of advice or suggestions for you – and I don’t.

But I thought that you should know this, and I knew that you would know what to do with this information.

Take care.

Like I have said, memory is so strange. It can be so unreliable and useless at times, and then there are other times, like now, late at night in my Harlem brownstone, when it seems like I am the only one in the world who is awake, that I can remember every detail of something that, at the time, I didn’t even realize was so important.

For example, I remember that I stared at Joel’s e-mail message, understanding it, and, at the same time, trying to comprehend its greater meaning for a long, long time. While thinking, I sent an e-mail back to my former classmate and current friend.

Thanks for passing on the information. I know that you have a lot more to do than worry about the fate of black investment bankers (and their lawyers) who don’t know where their next BMW is coming from, but you should know (if you don’t already) that its a lot more important than that.

We both know that on a per capita basis, there are as many white knuckleheads on Wall Street as there are black knuckleheads. We also know that without some real power and influence and an institutional presence on Wall Street, the black experience in America will continue to be a series of parallel stories of individual achievements and collective frustration. You have to control sources of capital in this country to be able to play the game.

And, speaking of playing the game, it is so ironic that the moment black investment banking firms start to get a little traction that the SEC and Justice and the U.S. Congress (!!!!) start to jump on them for so-called ethical violations. What a crock of shit!

I guess that my clients can be more discrete in their future forays into the adjoining worlds of politics and municipal finance. But I would hope that I could give them more advice than that. If you have any bright ideas, let me know.


The note from Joel Rosenblatt set in motion a Rube Goldberg-like series of levers and pulleys in my mind that finally dredged up the bright idea that would change the life of so many.
As I logged off the computer, I remember thinking that Joel’s note, while newsworthy, was hardly surprising.

There were a lot of reasons for members of The Pride to be paranoid, not the least of them was that their very existence offended too many white people in these United States. There were otherwise intelligent, well-meaning and God-fearing white men and women in America who had grown up their whole lives with a certain sense of the natural order of things.

In their universe, black men as principals and partners in Wall Street investment banking firms and law firms simply didn’t exist. Black men and women who were chief executives and senior officers of major corporations simply could not exist. Black women with law degrees, MBA’s and partnerships in major law firms offended the Laws of Nature as much as a flying pig or a talking mule. Some things simply could not exist in their world.

And their response upon encountering this unnatural reality – after the initial shock – has been to deny. And then, if denial did not reassert their conception of reality, then it was time to take more aggressive and even violent actions.

Sometimes those actions might be as simple as not hiring someone for a job for which they might be overqualified. It could be a peremptory no at the meeting of a coop board in a particularly exclusive address on Park Avenue or Central Park West. Country club memberships and law firm partnerships and investment banking firm partnerships do not stay all white in New York City or the rest of America by accident or for the lack of qualified and interested black men and black women. All of these things are simply puny and pitiful attempts by some people to maintain the natural order of things as they had always known them and would like for them to be.

If I had let the antipathy and hurt feelings of white people determine my fate, I imagine that I would be lucky to be pumping gas somewhere far from Wall Street. Still, Joel’s note was not to be dismissed or ignored.

This guerilla warfare against key members of The Pride could have disastrous results. Municipal finance-based revenues were an important part of the financial foundation of a number of black investment banking firms and law firms. Whether that business resulted in the sale of mortgage revenue bonds or the investment of pension fund assets, this income represented the base upon which other business could be built.

Or should be built, I thought wryly, because now it really was time for me to start getting dressed for the funeral. Going through the eternal ritual of selecting a dark suit, white shirt and subdued tie, I thought about the fact that too many of my friends and colleagues in investment banking were content to frolic in the high cotton of municipal finance, never heeding the common sense thought that their success would eventually bring about serious institutional reprisals. But more than a few members of The Pride perceived the obvious – it was time to diversify and to solidify gains that have already been made.

That morning I finished dressing and called a local Dominican car service to send one of its seemingly infinite number of new Lincoln Continentals to come by get me to the church on time.

I decided that I would make it my business to invite a few insightful friends to a post funeral lunch. After all, Winner was to be buried near his birthplace in Alabama so there would be no need to endure an interminable ride to some suburban cemetery.

As I settled into the back seat of the car, salsa music gently tapping at the door of my consciousness, I started to think about a guest list. The right mix would be important as a plan started to take form in my mind. As I tried to sort these matters out, the always awesome and bold presence of the Riverside Church insinuated itself into view.

I was glad that I was early. This was going to be a very busy morning and, as the cliché goes, it really was going to be the first day of the rest of my life. Of course, at the time, I just had no idea how right I was going to be.

Through the looking glass

In retrospect, it would seem that I knew about The Pride before I knew learned about it. After all, Paul Taylor was not the first or only black patron of the Water Club. However, since there were so few blacks who were customers of the restaurant, I would always notice them. And since far fewer were anything like regular customers, it was hard not to remember the repeat visitors. And in any event it would have been almost impossible to forget Paul Taylor.

Working at the Water Club was an education for me in many ways. I learned, for example, that clowns and idiots come in any and all colors – that there were as many black idiots and clowns as white idiots and clowns. There were the kinds who were too loud, too ostentatious, too ready to treat the waiters and restaurant staff as their own personal servants, or worse.

I always have thought that such people were insecure about something in their lives, but then of course, no one ever asked me. My job has been to see to it that my patrons are well fed and satisfied with sufficient libations. Their manners and deportment have never been my department.

And, since the Water Club (and now Dorothy’s By the Sea) has always been an upscale establishment, during the past decade I have spent my working hours with people with decidedly high income lifestyles – or at least pretending to do so. And, I have found that the size of your income and the amount of disposable cash that a person might have has nothing to do with having class or even knowing how to spell the word decorum.

Paul Taylor always brought a certain amount of class with him when he came to the Water Club. He took the time to say hello to the coat check girl and was never superior or dismissive of waiters, sommeliers or the busboys.

I don’t want to make him sound like Mother Teresa in a pinstripe suit, but he was always a classy and decent person. I remember he would come with his (then) wife Diedre, and they would celebrate anniversaries, birthdays and the like, and he was always solicitous of her without being a phony romantic.

When you work at a fine restaurant, you get to see all the types. And you get to know the pseudo-Romeos who want to be sure that the whole world sees that they are making a big deal over the woman who is their companion for the evening -wife, girlfriend, escort, it doesn’t matter- regardless of whether any of the pomp and circumstance is meaningful to her. Paul was never like that.

I guess it was that something about Paul that gave me the nerve to talk to him about a serious problem that I was having at the time. And the way he helped me through it certainly gave me all the reason that I ever needed to talk to him a few years later about my idea which later became Dorothy’s By the Sea. But that came later.



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