Schwarzman Skewers Brian Moynihan

Oct 21, 2011
J. Webster
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Stephen Schwarzman of the Black Stone Group delivered the keynote speech at the Alfred E. Smith Memorial Foundation Dinner, an annual Catholic charity fund-raiser named in honor of the former governor of New York. By tradition, the keynote speaker of the 66-year-old event is supposed to deliver a mostly humorous speech. Schwarzman does just that with a zinger of a joke aimed at Bank of America’s CEO Brian Moynihan. It was all in good fun though.

“Brian Moynihan is here tonight. He’s the C.E.O. of Bank of America. As many of you know, Brian’s brother Patrick runs a Catholic boarding school in Haiti. Their parents must be so proud to see two of their boys running an underfunded, nonprofit organization.” Even Mr. Moynihan, who was in the audience, laughed. (DealBreaker)

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