
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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