Anthony Scaramucci

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Anthony Scaramucci
Anthony Scaramucci at SALT Conference 2016.jpg
Personal details
Born (1964-01-06) January 6, 1964 (age 53)
Long Island, New York, U.S.
Political party Republican
Education Tufts University (BA)
Harvard University (JD)

Anthony Scaramucci (born January 6, 1964) is an American entrepreneur, financier, political figure, and author.[1]

On January 12, 2017, President Donald Trump announced his intent to appoint Scaramucci Director of the White House Office of Public Liaison and Intergovernmental Affairs.[2] Scaramucci's swearing-in was reportedly delayed by an extended review of his finances by the Office of Government Ethics,[3][4] although the ethics office denied that clearance was necessary before making White House appointments.[5] Ultimately, George Sifakis was appointed instead.[6]

Following the 2016 election, Scaramucci served on the Presidential Transition Team Executive Committee.[7] In 2005, Scaramucci founded global investment firm SkyBridge Capital,[8] serving as co-managing partner before selling the company in early 2017[9] to take a role in the Trump administration.

Scaramucci also previously served as host of a financial television show Wall Street Week[10] and contributor to the Fox News Channel.[11]

Early life and education[edit]

Scaramucci was born on January 6, 1964, on Long Island, New York, and had a middle-class upbringing. His father was a construction worker.[8] He earned a B.A. in Economics from Tufts University and a J.D. from Harvard Law School.[12] He is of Italian descent.[13]

Career[edit]

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.[14][15] After being hired, fired, and rehired in a single year, Scaramucci left Goldman in 1996[16] to launch Oscar Capital Management with his colleague Andrew Boszhardt.[17] 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.[14][18]

In 2005, Scaramucci founded SkyBridge Capital, a global alternative investment firm.[19]

Scaramucci was the chairman of the SkyBridge Alternatives “SALT” Conference, launched in 2009 and held in Las Vegas every spring.[20] 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.[21]

In 2011, Scaramucci received the Ernst & Young Entrepreneur of the Year Award New York Award in the Financial Services category and[22] in 2016 was ranked #85 in Worth magazine's "Power 100: The 100 Most Powerful People in Global Finance."[23]

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.[24][25]

Other activities[edit]

Scaramucci is the author of three books:

  • Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul,[26][27]
  • The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won’t Tell You,[28] and
  • Hopping Over the Rabbit Hole: How Entrepreneurs Turn Failure Into Success.[29]

He is a member of the World Economic Forum and speaks at the annual meeting in Davos, Switzerland.[30] He is the vice chair of the Kennedy Center Corporate Fund Board and a trustee of the United States Olympic & Paralympic Foundation.[31] He is also a member of the Council on Foreign Relations.

Philanthropy[edit]

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 following the 9/11 attacks. The jersey was purchased in a private auction for $365,000, the highest price ever paid for a modern-day jersey. The jersey will be publicly displayed on a rotating basis between the 9/11 Memorial Museum, Citi Field, and the National Baseball Hall of Fame.[32]

Politics[edit]

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.

In the 2016 presidential election, Scaramucci endorsed Scott Walker and then 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] In November 2016 he was named 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.[2]

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]

On January 31, 2017, with the appointment still pending OGE approval, Trump's chief of staff Reince Priebus called Scaramucci "to tell him he should pull out of consideration," according to Politico. Priebus opposes Scaramucci's appointment because Scaramucci has a direct relationship with Trump, Politico reported.[3] Several senior White House officials questioned the significance of any internal feuding in Scaramucci's appointment delay.[39] Reuters reported on February 1 that Scaramucci would not get the director role.[40] In a February 2017 New York magazine article, Priebus is quoted as saying rumors that he interfered with the hiring are "not true".[41]

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.[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,[6] 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]

References[edit]

  1. ^ "Best-Selling Books Week Ended Nov. 6". Wall Street Journal. November 11, 2016. ISSN 0099-9660. Retrieved November 14, 2016. 
  2. ^ a b Costa, Robert. "Anthony Scaramucci is hired for a top job in Trump’s White House". Washington Post. Retrieved January 12, 2017. 
  3. ^ a b "Scaramucci fights to stay in the White House," Politico, February 1, 2017, retrieved February 1, 2017.
  4. ^ nytimes.com February 1, 2017: Anthony Scaramucci Won’t Get Announced White House Role, Official Says
  5. ^ 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. 
  6. ^ 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. 
  7. ^ Schroeder, Robert. "Thiel, Scaramucci get spots on Trump’s transition team". MarketWatch. Retrieved 2017-01-20. 
  8. ^ a b Pressler, Jessica (May 6, 2012). "The Mooch Is His Own Aflac Duck". New York Magazine. 
  9. ^ Capital, SkyBridge. "SkyBridge Capital Announces Definitive Purchase Agreement To Sell Majority Stake in Firm". www.prnewswire.com. Retrieved 2017-01-20. 
  10. ^ Fox Business Staff (March 14, 2016). "FOX Business Network Welcomes Iconic 'Wall Street Week' Program". Fox Business Network. 
  11. ^ Celarier, Michelle (September 10, 2014). "Scaramucci inks deal with Fox Business". New York Post. Retrieved March 28, 2015. 
  12. ^ 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. 
  13. ^ Comstock, Courtney (May 21, 2010). "Anthony Scaramucci Is About To Steal A Bunch Of Employees Away From Citi And They Should Be Psyched About It". Business Insider. Retrieved December 17, 2016. 
  14. ^ a b "FINalternatives Sky’s the Limit for Skybridge After Citi Deal". 
  15. ^ McLean, Bethany (December 2009). "The Bank Job". Vanity Fair. Retrieved March 28, 2015. 
  16. ^ "Hedge fund manager rises to prominence as economic adviser to Trump". Washington Post. Retrieved December 23, 2016. 
  17. ^ McLean, Bethany (June 8, 1998). "Everybody's Going Hedge Funds". Fortune. Archived from the original on January 27, 1999. 
  18. ^ "Neuberger Acquires High-Net-Worth Assets". Money Management Executive. October 29, 2001. Retrieved March 28, 2015. 
  19. ^ Delevingne, Lawrence (January 27, 2015). "Here are the best hedge funds for 2015: Experts". CNBC. Retrieved March 28, 2015. 
  20. ^ Ahmed, Azam (May 13, 2011). "DealBook "SkyBridge Comes Out a Winner in Las Vegas". The New York Times. 
  21. ^ Steinberg, Brian (March 14, 2016). "Fox Business Network Picks Up ‘Wall Street Week’". Variety. 
  22. ^ Kentner, DA (August 5, 2011). "The Readers' Writers: Entrepreneur and author Anthony Scaramucci". Waynesville Daily Guide. Retrieved March 28, 2015. 
  23. ^ "The Power 100". Worth. October 17, 2016. Retrieved February 18, 2017. 
  24. ^ "Anthony Scaramucci won't get announced White House role, official says," CNBC, February 2, 2017, retrieved February 2, 2017.
  25. ^ Skybridge Capital press release, January 17, 2017, retrieved February 2, 2017.
  26. ^ "Power and piñatas: Anthony Scaramucci, hedge-fund ambassador". The Economist. May 12, 2011. Retrieved March 9, 2017. 
  27. ^ Nocera, Joe (October 1, 2010). "Still Stuck in Denial on Wall St.". New York Times. Retrieved March 28, 2015. 
  28. ^ Glor, Jeff (June 15, 2012). "'The Little Book of Hedge Funds' by Anthony Scaramucci". CBS News. Retrieved March 9, 2017. 
  29. ^ 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. 
  30. ^ Brodie, Lee (January 27, 2012). "4 Tradable Takeaways from Davos: Anthony Scaramucci". CNBC. Retrieved March 9, 2017. 
  31. ^ "Conference Speakers: Anthony Scaramucci". SALT Conference. Retrieved March 28, 2015. 
  32. ^ Kernan, Kevin (April 14, 2016). "Mets fans spend big to rescue Piazza 9/11 jersey as museum piece". New York Post. 
  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, Charlie; Schwartz, Brian (February 1, 2017). "Trump Team Reconsiders Scaramucci's White House Role". Charlie Breaks It. Fox Business. Retrieved February 2, 2017. 
  40. ^ "Anthony Scaramucci will not get White House role – NYT". Reuters. February 1, 2017. Retrieved February 2, 2017. 
  41. ^ 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. 
  42. ^ 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. 
  43. ^ Palmeri, Tara (March 7, 2016). "Scaramucci still in consideration for White House role, official says". Politico. Retrieved March 9, 2017. 

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