This one is fun. We’ve been given an internal memo from Morgan Stanley’s Gary Lynch (hero of the book Den of Thieves) where Mr. Lynch scolds Morgan employees for forwarding company memos to people outside the firm. Surely he’s not talking about little old us — we’ve only posted two memos of theirs.

I like how Gary capitalizes “Firm” — it really gives MS a God-like air of authority.

For Internal Use Only - Not for Redistribution

November 13, 2008

To: All Employees

From: Gary G. Lynch

As you all know, the Firm views open, honest and robust exchange of information as essential to our business. With this in mind, senior management provides information to all employees about significant developments at the Firm through internal memos and emails, and by holding Open Forums where John Mack and other members of senior management are available to answer your questions.

At the Open Forums, we have repeatedly asked that you treat this information as confidential and meant for our employees only, and the memos and emails from management are clearly marked for “internal use only.” Similarly, the Firm’s Code of Conduct prohibits disclosure to third parties of confidential “internal use only” communications.

Yet despite these clear directions, these communications are making their way outside the Firm. Based on a recent review of outgoing email, it was disappointing to see how often our employees ignore their obligation to keep internal Firm matters within the Firm. While we understand the impulse that led some of you to pass on these communications to your spouses or partners, a distressing number of employees have distributed this information to a far broader range of individuals.

Candid and full communication with employees is vital to our future success, but the quality of that communication depends on you. We therefore renew the request that you respect the policies on internal communications and make every effort to keep the information shared with you within the Firm.

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