Brooks Brothers Tassel Loafer in burgundy cordovan leather
"Just about the time the penny loafer was solidifying its power as BSOC (Big Shoe On Campus), those graduates who had gone from prep school to Ivy League to Wall Street began looking for a comfortable, casual shoe that had a bit more sophistication. They were used to the idea of a comfortable slip-on, but needed something a bit dressier for life in the business world."
Tale of the Tenacious Tassel - Cigar Aficionado, G. Bruce Boyer, March/April 1998
NYT - The Politicization of Tasseled Loafers