Now Corporations Have Caught Poker Fever
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
On Wall Street, poker has long been a favorite hobby of overworked, highly compensated investment bankers looking to test their wits and luck and to compete for huge sums of money. While the game has been infamous for attracting deceitful characters and inviting huge risk, these days many New York corporations are using poker as part of a safe night out.
In the past, bankers courted their predominantly male clientele over lavish dinners followed by jaunts to local cabarets, but new employee regulations have led them to seek out alternative and legal means of entertainment that still spark interest. Banks, brokerages, and hedge funds are using poker tournaments as a platform to woo clients and to facilitate “meet and greets.”
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