1% Jokes and Plutocrats In Drag: What I Saw When I Crashed a Wall Street Secret Society

While reporting for The New York Times, Kevin Roose went undercover and snuck into an exclusive annual dinner party for Kappa Beta Phi, Wall Street’s Secret Society. [Excerpted from Roose’s book, Young Money]:

Bill Mulrow, a top executive at the Blackstone Group (who was later appointed chairman of the New York State Housing Finance Agency), and Emil Henry, a hedge fund manager with Tiger Infrastructure Partners and former assistant secretary of the Treasury, performed a bizarre two-man comedy skit. Mulrow was dressed in raggedy, tie-dye clothes to play the part of a liberal radical, and Henry was playing the part of a wealthy baron. They exchanged lines as if staging a debate between the 99 percent and the 1 percent. (“Bill, look at you! You’re pathetic, you liberal! You need a bath!” Henry shouted. “My God, you callow, insensitive Republican! Don’t you know what we need to do? We need to create jobs,” Mulrow shot back.)

Published: Feb 18, 2014
Length: 9 minutes (2,258 words)
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