Arkansas Culture and Characters Times: Warren Stephens in drag show at Wall Street frat frolic


Arkansas Culture and Characters                    Times: Warren Stephens in drag show at Wall Street frat frolic

Stephens Inc.'DANCING QUEEN':      “Mama, Don’t Let Your Babies
Warren Stephens had role in        Grow Up to Be Cowboys,”
variety show, Times reports.A      (replacing “cowboys” with
New York Times reporter            “traders”) and Abba’s
infiltrated the black-tie          “Dancing Queen” (which was
dinner and induction banquet       retitled “Bailout King”). Mr.
for Kappa Beta Phi, an             Lasry, along with two other
exclusive fraternity of the        inductees, dressed as a
giants of the financial world.     member of the Village People
Oh, was it fun. Skits made         for a financial rendition of
fun of the Occupy Wall Street      “Y.M.C.A.” Mr. Lasry declined
movement, for example. And,        to comment.
of local interest:                 Aware of the Romney-like tone
The night’s agenda was             deafness that such a
twofold: install officers for      gathering and jollity
the coming year and haze           suggests, some Wall Streeters
incoming members by having         have become sensitive.
them don wigs, gold-sequined       Kappa Beta Phi’s gatherings
skirts and skin-tight tops         have become divisive among
and put on a comedic variety       members in recent years. Some
show for the enjoyment of          Wall Street executives, wary
other members.                     of taking part in an event
Among the 21 inductees             that could be construed as
featured in the variety show       tone-deaf to the economic
were Marc Lasry, the               woes facing the country, are
billionaire founder of the         choosing not to attend.
Avenue Capital Group, Warren       “The skits can be offensive
Stephens, the chief of             and I don’t want to sit
Stephens Inc. and Ted Virtue,      through it,” said one
the chief executive of             fraternity member who spoke
MidOcean Partners.                 on the condition of anonymity.
Kappa Beta Phi, which started      Sorry, the Times' only photo
in 1929 as a group of Wall         was of big limos lined up
Street bigwigs whose social        outside the St. Regis Hotel,
club was named as a send-up        scene of the hijinks.
of Phi Beta Kappa, the honor       More details from Bloomberg
society, has become a sort of      on the lobster-and-lamb-chop
upper-crust Friar’s Club           feed.
roast.                             UPDATE: I can't verify
... Inductees sang Wall            authenticity of the following
Street-themed versions of          underground photo, but ....   

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