Thursday, March 23, 2006

Should business execs meet at strip clubs?

The USA Today reports:
Wearing a scanty blue gown with rhinestone clasps, Nicolette Hart explains how she can make up to $2,500 a night with investment bankers and their clients in a Manhattan strip club's private rooms.

She writhes and rubs her nearly naked body against as many as seven men, doing “lap dances” for $400 an hour. (The room costs an additional $200 for the hour.) Hart, who once worked for a venture-capital firm, always asks what brought the men together. They often say they're having a meeting.

“I say, ‘You're having a business meeting in a strip club?' ” Hart says in an interview in the dressing room at Rick's Cabaret here.

It's not just strippers who have questions. Some women on Wall Street want to know how it can be fair — or legal — for their managers and male colleagues to exclude them when they fraternize at strip clubs, often with the women's clients. Strip club clientele is hardly limited to Wall Street. Adult entertainment is enjoyed by men — and some women — in most every industry in the USA, and it's a tax-deductible business expense allowed by the IRS.
We are confident that the strip club business can survive without tax-deductability.