Anthony Scaramucci

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Anthony Scaramucci
File:Anthony Scaramucci at SALT Conference 2016.jpg
Personal details
Born (1964-01-06) January 6, 1964 (age 60)
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] In June 2017, he became a senior vice president and chief strategy officer at the U.S. Export-Import Bank.[2]

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.[3] Scaramucci's swearing-in was reportedly delayed by an extended review of his finances by the Office of Government Ethics,[4][5] although the ethics office denied that clearance was necessary before making White House appointments.[6] Ultimately, George Sifakis was appointed instead.[7]

Following the 2016 election, Scaramucci served on the Presidential Transition Team Executive Committee.[8] In 2005, Scaramucci founded global investment firm SkyBridge Capital,[9] serving as co-managing partner before selling the company in early 2017[10] to take a role in the Trump administration.

Scaramucci also previously served as host of a financial television show Wall Street Week[11] and contributor to the Fox News Channel.[12]

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.[9] He earned a B.A. in Economics from Tufts University and a J.D. from Harvard Law School.[13] He is of Italian descent.[14]

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.[15][16] After being hired, fired, and rehired in a single year, Scaramucci left Goldman in 1996[17] to launch Oscar Capital Management with his colleague Andrew Boszhardt.[18] 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.[15][19]

In 2005, Scaramucci founded SkyBridge Capital, a global alternative investment firm.[20]

Scaramucci was the chairman of the SkyBridge Alternatives “SALT” Conference, launched in 2009 and held in Las Vegas every spring.[21] 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.[22]

In 2011, Scaramucci received the Ernst & Young Entrepreneur of the Year Award New York Award in the Financial Services category and[23] in 2016 was ranked #85 in Worth magazine's "Power 100: The 100 Most Powerful People in Global Finance."[24]

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.[25][10]

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.[26][27]

Philanthropy

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.[28]

Politics

In 2008, Scaramucci served as a fundraiser for President Barack Obama.[29] In September 2010, Scaramucci asked Obama at a CNBC Town Hall meeting when he was going to "stop whacking Wall Street like a piñata."[30]

Scaramucci was a member of the New York City Financial Services Advisory Committee from 2007 to 2012.[31] 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.[32] In November 2016 he was appointed, pending approval, to President-elect Trump's Presidential Transition Team Executive Committee.[33] On January 12, 2017, Scaramucci was named Assistant to President Trump and Director of the White House Office of Public Liaison and Intergovernmental Affairs.[3]

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".[34]

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.[35]

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.[4] Several senior White House officials questioned the significance of any internal feuding in Scaramucci's appointment delay.[36] Reuters reported on February 1 that Scaramucci would not get the director role.[37] In a February 2017 New York magazine article, Priebus was quoted as saying rumors that he interfered with the hiring were "not true".[38]

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,[7] 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."[39]

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.[40][41]

As of July 20, 2017, the Trump administration was expected to name him as White House communications director.[42]

Other activities

Scaramucci is the author of three books:

  • Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul[43][44]
  • The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won't Tell You[45]
  • Hopping Over the Rabbit Hole: How Entrepreneurs Turn Failure Into Success[46]

He is a member of the World Economic Forum and speaks at the annual meeting in Davos, Switzerland.[47] He is the vice chair of the Kennedy Center Corporate Fund Board and a trustee of the United States Olympic & Paralympic Foundation.[48] He is also a member of the Council on Foreign Relations.

References

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  4. 4.0 4.1 "Scaramucci fights to stay in the White House," Politico, February 1, 2017, retrieved February 1, 2017.
  5. nytimes.com February 1, 2017: Anthony Scaramucci Won’t Get Announced White House Role, Official Says
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  25. "Anthony Scaramucci won't get announced White House role, official says," CNBC, February 2, 2017, retrieved February 2, 2017.
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External links