The “jokes” clearly being the most humiliating part of the proceedings.
Kappa Beta Phi, an exclusive Wall Street fraternity whose members include big-name bankers, hedge fund billionaires and private equity titans, met at the St. Regis Hotel in Manhattan on Thursday night for its 80th annual black-tie dinner and induction ceremony…Absent from this year’s gathering were Wall Street exiles like Richard S. Fuld Jr., the former chief executive of Lehman Brothers; James E. Cayne, the former chief of Bear Stearns; and Jon S. Corzine, the former Goldman Sachs head who presided over the failed brokerage firm MF Global. All are still listed in the group’s member directory, though the men are said not to have attended in a few years.
The night’s agenda was twofold: install officers for the coming year and haze incoming members by having them don wigs, gold-sequined skirts and skin-tight tops and put on a comedic variety show for the enjoyment of other members. Two initiates did a comedy act lampooning Mr. Corzine and Steven A. Cohen, a prominent hedge fund manager whose firm, SAC Capital Advisors, has had some former employees who have been ensnared in recent insider-trading investigations. (Neither Mr. Cohen, who is not a Kappa, nor Mr. Corzine has been accused of any wrongdoing.) “What do Steve Cohen and Jon Corzine have in common?” the joke went. “They’re future cellmates!”…As is customary during Kappa events, some audience members threw objects at performers on stage, including petit fours and napkins dipped in wine.
A Raucous Hazing at a Wall St. Fraternity [Dealbook]
This article is just a very clever ruse . The hope is that OWSers will read it and their heads will explode.
Fucking yentas. The only stripes I wear are those that adorn my unruly lapels.
-S. A. Cohen
I weep for Wall Street if that was the best they could come up with. My god.
Why would their heads explode? Because a bunch of people attended what sounds like was an incredibly lame dinner where nothing of note occurred by the Times wrote a breathless article about it anyway?
Burn her, she's a witch!
Then I shouted "Aristocrats!" as I heaved a wine soaked napkin in their general direction.
I guess this is what you get when a bunch of people who were picked last in gym class and never got a bid to a fraternity decide to have a party?
This article failed to mention the evening's bacchanalia held on a floor of luxury suites at St. Regis.
cocaine, poppers and boy scouts were in ample supply…. Corzine and Fuld were in attendance…
and another class of masters of the universe so were ratified.
Are you going through some personal problems?
that wasn't a 'wine soaked napkin' ;)
-ltilton
Douchebags!
Sounds like a waste of a night.
I believe I AM still a member of this club.
I'm surprised that NYT did not attend the after party at splash……that Corzine is one helluva shrimper!
Next week, a panty raid on Maria Bartiromo's house.
I believe you meant to say reporting on channel checks from the parachute industry in the wake of defense budget cutbacks.
a.k.a. "Capture the Flag"
first synthetic CDO's, now stevie cohen jail jokes, what will these guys think of next
-guy laughing in his homer simpson voice
"As is customary during Kappa events, some audience members threw objects at performers on stage, including petit fours, all of which Meredith Whitney chased and goblled up like a laborador after a piece of bacon."
Gross!
Pff, making up a frat post-grad and using a play on Phi Beta Kapa is so GDI and totally NF.
[youtube FSt2JQIpQBA http://www.youtube.com/watch?v=FSt2JQIpQBA youtube]
- Northwestern Mutual Rotational Program Analyst
Lasry, how come there's no ice in my lemonade?
I know the performance on Total Return sucked last year. Leave me alone.
Look at that S car go
okay clearly none of these guys were lax players
Bows and fucking toes!
"Zeta chi, zeta chi, zeta chi my friend…"
Humiliating yourself to gain entry to a fraternity after you've graduated from college is the NKI.
This is why we can't have nice things.
I want first person coverage from Bess next year! If the Times can crash it, so can she. (Even better – she should emcee the thing)
zeeb
Are there any benefits to being in this fraternity? Do you get a coupon for a free desert at Per Se?
"Is powdered sugar and its delicious!"
Kappa Beta Farva
Given the roster of names in attendance, I would think there'd be certain advantages if one were to find oneself a fraternity member and also in the financial sponsors coverage group at their respective firm.
groce.
Drop down and give me ten. NOW!
…and she stepped on the ball.
I think the answer to your question lies in the fact that I'd rather watch Real Housewives of Atlanta than attend this garbage.
-SC
Why would she waste her time attending what sounds like an incredibly lame, utterly unfunny event? And if the Times is crashing something, you know it jumped the shark years ago.
http://www.youtube.com/watch?v=5_YkV0moJsY
"And she stepped on the ball !!………"
agreed. Golden Boy had better shit than this….
The lice hate the sugar
7lIB26 Thank you ever so for you post.Thanks Again. Keep writing.