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Anthony Scaramucci

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Anthony Scaramucci
White House Director of Communications
Designate
Assuming office
August 2017[1]
PresidentDonald Trump
SucceedingSean Spicer (Acting)
Personal details
Born (1964-01-06) January 6, 1964 (age 60)
Long Island, New York, U.S.
Political partyRepublican
EducationTufts University (BA)
Harvard University (JD)
NicknameThe Mooch[2][3]

Anthony Scaramucci (born January 6, 1964), nicknamed the Mooch[2][3], is an American entrepreneur, financier, political figure, and author.[4] On July 21, 2017, President Donald Trump appointed him the White House Communications Director.[5]

In June 2017, he became a senior vice president and chief strategy officer at the U.S. Export-Import Bank.[6]

On January 12, 2017, President-elect Trump announced his intent to appoint Scaramucci Director of the White House Office of Public Liaison and Intergovernmental Affairs.[7] Scaramucci's swearing-in was reportedly delayed by an extended review of his finances by the Office of Government Ethics,[8][9] although the ethics office denied that clearance was necessary before making White House appointments.[10] Ultimately, George Sifakis was appointed instead.[11]

Following the 2016 election, Scaramucci served on the Presidential Transition Team Executive Committee.[12] In 2005, Scaramucci founded global investment firm SkyBridge Capital,[13] serving as co-managing partner before selling the company in early 2017[14] to take a role in the Trump administration.

Scaramucci also previously served as host of a financial television show Wall Street Week[15] and contributor to Fox News.[16]

Early life and education

Scaramucci was born on January 6, 1964, on Long Island, New York, and had a middle-class upbringing. His father was a construction worker.[13]

He graduated in 1982 from Paul D. Schreiber Senior High School in Port Washington.[17] He earned a B.A. in Economics from Tufts University and a J.D. from Harvard Law School.[18]

Career

After graduating from law school, Scaramucci began his career at Goldman Sachs, where he worked from 1989 to 1996 and held positions in its Investment Banking, Equities, and Private Wealth Management divisions.[19][20] After being hired, fired, and rehired in a single year, Scaramucci left Goldman in 1996[21] to launch Oscar Capital Management with his colleague Andrew Boszhardt.[22] In 2001, Oscar Capital was sold to Neuberger Berman and, upon Neuberger Berman’s sale to Lehman Brothers in 2003, Scaramucci served as a managing director in the firm's Investment Management division.[19][23]

In 2005, Scaramucci founded SkyBridge Capital, a global alternative investment firm.[24]

Scaramucci was the chairman of the SkyBridge Alternatives “SALT” Conference, launched in 2009 and held in Las Vegas every spring.[25] In May 2014, SkyBridge licensed the rights to Wall Street Week, a financial television news program formerly hosted by Louis Rukeyser on PBS, installing Scaramucci as host. Broadcast rights were transferred to Fox Broadcasting Company in 2016.[26]

In 2011, Scaramucci received the Ernst & Young Entrepreneur of the Year Award New York Award in the Financial Services category and[27] in 2016 was ranked #85 in Worth magazine's "Power 100: The 100 Most Powerful People in Global Finance."[28]

On January 17, 2017, SkyBridge announced a majority stake sale to RON Transatlantic EG and HNA Capital (U.S.) Holding, a Chinese conglomerate with close ties to China's Communist Party; with the announcement, Scaramucci stepped down from his co-management role and ended his affiliation with SkyBridge and SALT.[29][14]

Scaramucci accepted a position as the White House Communications Director on July 21, 2017. Shortly after the announcement, White House Press Secretary Sean Spicer resigned, because of his objection to the appointment, according to The New York Times and some other news sources.[30][5]

CNN retraction and apology

On June 26, 2017, three network investigative journalists: Thomas Frank, Eric Lichtblau, and Lex Haris, resigned from CNN over a retracted Trump-Russia story that connected Scaramucci to a $10 billion Russian investment fund. The network apologized to Scaramucci and stated the online story did not meet their editorial standards. Scaramucci said the original story was not true, and accepted CNN's apology. CNN stated that the investigation found the story “wasn’t solid enough” for publication.[31][32]

Politics

In 2008, Scaramucci served as a fundraiser for President Barack Obama.[33] In September 2010, Scaramucci asked Obama at a CNBC Town Hall meeting when he was going to "stop whacking Wall Street like a piñata."[34]

Scaramucci was a member of the New York City Financial Services Advisory Committee from 2007 to 2012.[35] He is a registered Republican and served as a National Finance Co-Chair for Mitt Romney for President in 2012.

During the 2016 presidential election, Scaramucci first endorsed Scott Walker and later Jeb Bush. In May 2016, after both Walker and Bush had withdrawn from the race, he signed on to Donald Trump's political campaign by joining the Trump Finance Committee.[36]

Trump Administration

In November 2016 he was appointed, pending approval, to President-elect Trump's Presidential Transition Team Executive Committee.[37] On January 12, 2017, Scaramucci was named Assistant to President Trump and Director of the White House Office of Public Liaison and Intergovernmental Affairs.[7]

In January 2017, he told New York magazine that the "thing I have learned about these people in Washington is they have no money", and described such congressmen as "jackasses".[38]

Fox Business reported on January 31, 2017 that "Scaramucci's delayed appointment underscores some of the tensions building inside the Trump White House that began shortly after the President's come-from-behind victory in the November election as various aides and advisers continue to jockey for his attention and to retain and expand their power.[39]

According to Politico, on January 31, 2017, with his appointment still pending approval by the United States Office of Government Ethics (OGE), Trump's chief of staff Reince Priebus called Scaramucci "to tell him he should pull out of consideration". They reported that Priebus opposed Scaramucci's appointment because Scaramucci had a direct relationship with Trump.[8] Several senior White House officials questioned the significance of any internal feuding in Scaramucci's appointment delay.[40] Reuters reported on February 1 that Scaramucci would not get the director role.[41] In a February 2017 New York magazine article, Priebus was quoted as saying rumors that he interfered with the hiring were "not true".[42]

On March 6, 2017, the White House announced the appointment of Ideagen founder and former CEO George Sifakis as Director for the Office of Public Liaison,[11] instead of Scaramucci.

On March 7, 2017, Politico reported that "White House Chief of Staff Reince Priebus is still considering offering financier Anthony Scaramucci a role" in the administration "even though the job he was initially promised has been filled, according to an [unnamed] White House official."[43]

Effective June 19, 2017, Scaramucci was named senior vice president and chief strategy officer for the U.S. Export-Import Bank. He was also still under consideration for a post as ambassador to the Organization for Economic Co-operation and Development.[44][45]

On July 21, 2017, the Trump Administration named him as White House Director of Communications. Shortly after the announcement of Scaramucci's appointment, White House Press Secretary Sean Spicer turned in his resignation to President Trump.[5] The New York Times reported that he had done so after advising the President that he "vehemently disagreed" with the appointment of Scaramucci.[5][46]

Other activities

Scaramucci is the author of three books:

  • Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul[47][48]
  • The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won't Tell You[49]
  • Hopping Over the Rabbit Hole: How Entrepreneurs Turn Failure Into Success[50]

He is a member of the World Economic Forum and speaks at the annual meeting in Davos, Switzerland.[51] He is the vice chair of the Kennedy Center Corporate Fund Board and a trustee of the United States Olympic & Paralympic Foundation.[52] He is also a member of the Council on Foreign Relations.

In April 2016, Scaramucci was one of three New York Mets fans who teamed up to buy Mike Piazza's jersey from the September 21, 2001 game against the Atlanta Braves, the first professional baseball game played in New York following the 9/11 attacks, whose home run win helped lift the city after the tragedy. The jersey was purchased in a private auction for $365,000, the highest price ever paid for a modern-day jersey. The purchase enabled the jersey to be publicly displayed on a rotating basis among the 9/11 Memorial Museum, Citi Field, and the National Baseball Hall of Fame.[53][54]

References

  1. ^ "Scaramucci, repeatedly denied a White House role, finally sees a reward". Politico. July 21, 2017. Retrieved July 21, 2017. Scaramucci said Friday his start date wouldn't be for a couple of weeks...
  2. ^ a b Gambino, Lauren (July 21, 2017). "Anthony Scaramucci: who is new White House communications director?". the Guardian. Retrieved July 22, 2017.
  3. ^ a b "Meet The Mooch: Trump Ally Anthony Scaramucci Named WH Communications Director". Talking Points Memo. July 21, 2017. Retrieved July 22, 2017.
  4. ^ "Best-Selling Books Week Ended Nov. 6". Wall Street Journal. November 11, 2016. ISSN 0099-9660. Retrieved November 14, 2016.
  5. ^ a b c d Thrush, Glenn (July 21, 2017). "Sean Spicer Resigns as White House Press Secretary". The New York Times. Retrieved July 21, 2017.
  6. ^ Warmbrodt, Zachary (June 27, 2017). "Trump fundraiser Scaramucci joins Export-Import Bank". Politico. Retrieved June 28, 2017.
  7. ^ a b Costa, Robert. "Anthony Scaramucci is hired for a top job in Trump's White House". Washington Post. Retrieved January 12, 2017.
  8. ^ a b "Scaramucci fights to stay in the White House," Politico, February 1, 2017, retrieved February 1, 2017.
  9. ^ nytimes.com February 1, 2017: Anthony Scaramucci Won’t Get Announced White House Role, Official Says
  10. ^ Palmeri, Tara (February 1, 2017). "Scaramucci's White House future is again unclear". politico.com. Politico. Retrieved March 8, 2017. 'OGE clearance is not needed prior to making a White House appointment or White House appointments in general,' an agency spokesperson said. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  11. ^ a b "President Donald J. Trump Announces White House Staff Appointments". whitehouse.gov (Press release). The White House. March 6, 2017. Retrieved March 7, 2017. George Sifakis will serve as Assistant to the President and Director for the Office of Public Liaison.
  12. ^ Schroeder, Robert. "Thiel, Scaramucci get spots on Trump's transition team". MarketWatch. Retrieved January 20, 2017.
  13. ^ a b Pressler, Jessica (May 6, 2012). "The Mooch Is His Own Aflac Duck". New York Magazine.
  14. ^ a b "SkyBridge Capital Announces Definitive Purchase Agreement To Sell Majority Stake in Firm". www.prnewswire.com (Press release). SkyBridge Capital. January 17, 2017. Retrieved January 20, 2017.
  15. ^ Fox Business Staff (March 14, 2016). "FOX Business Network Welcomes Iconic 'Wall Street Week' Program". Fox Business Network. {{cite web}}: |author= has generic name (help)
  16. ^ Celarier, Michelle (September 10, 2014). "Scaramucci inks deal with Fox Business". New York Post. Retrieved March 28, 2015.
  17. ^ La Roche, Julia (20 August 2015). 40 old high-school yearbook photos of Wall Street's titans, Business Insider
  18. ^ Lopez, Linette (August 14, 2012). "The Hilarious Story Of How Anthony Scaramucci Was Hired, Fired, And Rehired At Goldman Sachs". Business Insider. Retrieved March 28, 2015.
  19. ^ a b "FINalternatives Sky's the Limit for Skybridge After Citi Deal".
  20. ^ McLean, Bethany (December 2009). "The Bank Job". Vanity Fair. Retrieved March 28, 2015.
  21. ^ "Hedge fund manager rises to prominence as economic adviser to Trump". Washington Post. Retrieved December 23, 2016.
  22. ^ McLean, Bethany (June 8, 1998). "Everybody's Going Hedge Funds". Fortune. Archived from the original on January 27, 1999. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  23. ^ "Neuberger Acquires High-Net-Worth Assets". Money Management Executive. October 29, 2001. Retrieved March 28, 2015.
  24. ^ Delevingne, Lawrence (January 27, 2015). "Here are the best hedge funds for 2015: Experts". CNBC. Retrieved March 28, 2015.
  25. ^ Ahmed, Azam (May 13, 2011). "DealBook "SkyBridge Comes Out a Winner in Las Vegas". The New York Times.
  26. ^ Steinberg, Brian (March 14, 2016). "Fox Business Network Picks Up 'Wall Street Week'". Variety.
  27. ^ Kentner, DA (August 5, 2011). "The Readers' Writers: Entrepreneur and author Anthony Scaramucci". Waynesville Daily Guide. Retrieved March 28, 2015.
  28. ^ "The Power 100". Worth. October 17, 2016. Retrieved February 18, 2017.
  29. ^ "Anthony Scaramucci won't get announced White House role, official says," CNBC, February 2, 2017, retrieved February 2, 2017.
  30. ^ Bender, Michael C. (July 21, 2017). "Sean Spicer Resigns, Sanders to Take Over as Press Secretary" – via www.wsj.com.
  31. ^ Battaglio, Stephen (June 27, 2017). "Three CNN journalists resign over retracted Trump-Russia story". Los Angeles Times. Retrieved June 27, 2017.
  32. ^ "Trump attacks CNN after resignations of three journalists over retracted Russia-related story". The Telegraph. June 27, 2017. Retrieved June 28, 2017.
  33. ^ "Bloomberg "Romney Lures Away Obama's Wall Street Supporters in Race for Campaign Cash".
  34. ^ Sanati, Cyrus (October 6, 2010). "The New York Times "A Fund Manager's Message Beyond the 'Pinata'".
  35. ^ "Generating Alpha in Volatile Markets". New York Society of Security Analysts. Retrieved March 28, 2015.
  36. ^ Rucker, Philip (May 9, 2016). "Anthony Scaramucci, a top Republican fundraiser, signs on with Trump campaign". Washington Post.
  37. ^ Bender, Michael C. (November 12, 2016). "Donald Trump Shuffles Transition Team, Making Mike Pence Chairman". Wall Street Journal. ISSN 0099-9660. Retrieved November 14, 2016.
  38. ^ Pressler, Jessica (January 23, 2017). "Long on Trump: Wall Streeters like Anthony Scaramucci bet heavy on the would-be president back when that seemed like a pretty dumb investment. Bonus time!". New York. Retrieved March 6, 2017.
  39. ^ Gasparino, Charles; Schwartz, Brian (January 31, 2017). "The story behind Scaramucci's delayed appointment amid Trump White House bickering". Charlie Breaks It. Fox Business. Retrieved March 9, 2017.
  40. ^ Gasparino, Charlie; Schwartz, Brian (February 1, 2017). "Trump Team Reconsiders Scaramucci's White House Role". Charlie Breaks It. Fox Business. Retrieved February 2, 2017.
  41. ^ "Anthony Scaramucci will not get White House role – NYT". Reuters. February 1, 2017. Retrieved February 2, 2017.
  42. ^ Nuzzi, Olivia (February 9, 2017). "Steve Bannon and Reince Priebus Want You to Know They Are Friends". New York magazine. Retrieved February 10, 2017. 'It's not true,' Priebus said of the rumors that he nixed the hire. 'The person closest to Anthony in the entire West Wing is me,' he said. {{cite news}}: Italic or bold markup not allowed in: |work= (help)
  43. ^ Palmeri, Tara (March 7, 2016). "Scaramucci still in consideration for White House role, official says". Politico. Retrieved March 9, 2017.
  44. ^ "The hedge funder who had long hoped to work for Trump finally got a job". Business Insider. Reuters. June 27, 2017. Retrieved June 28, 2017.
  45. ^ Gómez, Serafin (June 27, 2017). "Trump adviser Scaramucci joins Export-Import Bank". Politics. Fox News. Retrieved June 28, 2017.
  46. ^ "Trump Hires Scaramucci as Communications Director, Spicer Resigns". Bloomberg. May 30, 2017. Retrieved July 21, 2017.
  47. ^ "Power and piñatas: Anthony Scaramucci, hedge-fund ambassador". The Economist. May 12, 2011. Retrieved March 9, 2017.
  48. ^ Nocera, Joe (October 1, 2010). "Still Stuck in Denial on Wall St". New York Times. Retrieved March 28, 2015.
  49. ^ Glor, Jeff (June 15, 2012). "'The Little Book of Hedge Funds' by Anthony Scaramucci". CBS News. Retrieved March 9, 2017.
  50. ^ Scaramucci, Anthony; Robbins, Tony; Diamandis, Peter (October 31, 2016). Hopping over the Rabbit Hole: How Entrepreneurs Turn Failure into Success (1 ed.). Somerset, UNITED STATES: Wiley. ISBN 9781119116332.
  51. ^ Brodie, Lee (January 27, 2012). "4 Tradable Takeaways from Davos: Anthony Scaramucci". CNBC. Retrieved March 9, 2017.
  52. ^ "Conference Speakers: Anthony Scaramucci". SALT Conference. Retrieved March 28, 2015.
  53. ^ Kernan, Kevin (April 14, 2016). "Mets fans spend big to rescue Piazza 9/11 jersey as museum piece". New York Post. Retrieved July 21, 2017.
  54. ^ Kernan, Kevin (April 5, 2016). "Frustrated Mike Piazza speaks out on Mets' 9/11 jersey shocker". New York Post. Retrieved July 21, 2017.

External links

Political offices
Preceded by White House Director of Communications
Designate
Taking office 2017 		Incumbent
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