Anthony Scaramucci

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Anthony Scaramucci
Anthony Scaramucci at SALT Conference 2016 (cropped).jpg
Born (1964-01-06) January 6, 1964 (age 57)
Long Island, New York, U.S.
EducationTufts University (BA)
Harvard Law School (JD)
Political partyRepublican
Spouse(s)Lisa Miranda (m. 1988; div. 2014)
Deidre Ball (m. 2014; separated 2017)

Anthony Scaramucci (/skɛrəˈmtʃ/ skerr-ə-MOO-chee; born January 6, 1964), also known as "The Mooch",[1] is an American financier and political figure.

He worked at Goldman Sachs's Investment Banking, Equities, and Private Wealth Management divisions from 1989 to 1996. On leaving Goldman Sachs, he founded Oscar Capital Management, and in 2005, he founded the investment firm SkyBridge Capital. On July 21, 2017, Scaramucci was appointed as the White House Communications Director. He was removed from that post ten days later, on July 31.

Early life[edit | edit source]

Scaramucci was born into an Italian-American, Roman Catholic family on January 6, 1964, on Long Island, New York, the son of Alexander and Marie DeFeo Scaramucci, and had a middle-class upbringing. His grandfather, Alessandro Scaramucci, emigrated to the USA from Gualdo Tadino, Italy.[2] His father was a construction worker.[3] Scaramucci has an older brother, David, and a sister, Susan.[4][5]

He graduated in 1982 from Paul D. Schreiber Senior High School in Port Washington,[6] where he served as student council president.[7] He earned a B.A. in economics at Tufts University and a J.D. at Harvard Law School.[8] Scaramucci credits his time and education at Harvard Law School as a springboard for his successful career.[9]

Career in investment banking[edit | edit source]

After graduating from law school, Scaramucci began his career at Goldman Sachs,[9] where he worked from 1989 to 1996 and held positions in its Investment Banking, Equities, and Private Wealth Management divisions.[10][11]

Oscar Capital Management[edit | edit source]

After being hired, fired, and rehired in a single year, Scaramucci left Goldman in 1996[12] to launch Oscar Capital Management with his colleague Andrew Boszhardt.[13] 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.[10][14]

SkyBridge Capital[edit | edit source]

In 2005, Scaramucci founded SkyBridge Capital, a global alternative investment firm.[15] Scaramucci was the chairman of the SkyBridge Alternatives "SALT" Conference, launched in 2009 and held in Las Vegas every spring.[16]

In 2011, Scaramucci received the Ernst & Young Entrepreneur of the Year Award New York Award in the Financial Services category,[17] and in 2016 was ranked #85 in Worth magazine's "Power 100: The 100 Most Powerful People in Global Finance".[18]

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.[19]

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.[20][21]

Career in politics[edit | edit source]

Scaramucci supported the presidential campaigns of Hillary Clinton and Barack Obama.[22] In 2008, Scaramucci also served as a fundraiser for President Barack Obama.[23] In September 2010, however, Scaramucci asked Obama at a CNBC Town Hall meeting when he was going to "stop whacking Wall Street like a piñata."[24]

Scaramucci has tweeted at various times that he has "always been for strong gun control laws", and that "Republicans should support gay marriage".[25]

He served as the national finance co-chair for Mitt Romney’s 2012 presidential campaign.[22]

In 2015 on a Fox News television appearance, Scaramucci called Trump a "hack politician" whose rhetoric is "anti-American and very, very divisive." He further warned Trump to "cut it out now" and "stop all this crazy rhetoric." In December 2015, Scaramucci criticized Trump's call for a border wall between Mexico and the U.S. He also criticized Trump for "making a fundamental mistake of trying to blame all of Islam and all Muslims for what is the ideology and the actions of a minority."[22]

Ahead of the 2016 election, Scaramucci wrote on Twitter that he hoped Hillary Clinton would be the next president.[22] 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.[26] In November 2016 he was appointed to President-elect Trump's Presidential Transition Team Executive Committee.[27]

Nomination to Office of Public Liaison[edit | edit source]

On January 12, 2017, Scaramucci was named Assistant to President Trump and director of the White House Office of Public Liaison and Intergovernmental Affairs.[28] On January 23 he told New York magazine that the "thing I have learned about these people in Washington is they have no money. So what happens when they have no fucking money is they write about what seat they are in and what the title is. Fucking congressmen act like that. They are fucking jackasses".[28]

Fox Business reported on January 31, 2017, that "Scaramucci's delayed appointment underscores some of the tensions building inside the Trump White House ... as various aides and advisers continue to jockey for his attention and to retain and expand their power".[29] According to Politico, on January 31, 2017, with Scaramucci's 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 of Scaramucci's stake in Skybridge Capital.[30] Several senior White House officials questioned the significance of any internal feuding in Scaramucci's appointment delay, citing instead the months required to conclude his sale of SkyBridge.[31] Reuters reported on February 1 that Scaramucci would not get the director role.[32] In a February 2017 New York magazine article, Priebus was quoted as saying rumors that he interfered with the hiring were "not true".[33]

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,[34] instead of Scaramucci. The next day, Politico reported that "White House Chief of Staff Reince Priebus is still considering offering financier Anthony Scaramucci a role" in the administration.[30]

U.S. Export-Import Bank[edit | edit source]

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.[35][36]

CNN retraction and apology[edit | edit source]

On June 26, 2017, three network investigative journalists—Thomas Frank, Eric Lichtblau, and Lex Haris—resigned from CNN over a false, later retracted Trump–Russia story that connected Scaramucci to a $10 billion Russian investment fund. The network apologized to Scaramucci and said the online story did not meet their editorial standards. Scaramucci said the original story was not true, and accepted CNN's apology. [37][38]

White House Communications Director[edit | edit source]

On July 21, 2017, the Trump Administration named him as White House Communications Director, to take office on July 25.[39] A number of news outlets noted that the White House announcement of Scaramucci said he would "report directly to the President", and not to the chief of staff as White House Press Secretary Sean Spicer had.[40][41] On the day that Scaramucci's appointment was announced, Spicer resigned.[42] The New York Times reported that he had done so after advising Trump that he "vehemently disagreed" with the appointment of Scaramucci.[42][43] Trump's chief of staff Reince Priebus also had "vehement objections" to his hiring.[citation needed]

In a July 26, 2017, phone call to Ryan Lizza of The New Yorker, Scaramucci said he would fire everyone on the White House communications staff if Lizza did not reveal the source of leaked information about who had attended a dinner with Trump.[44] Scaramucci also accused Priebus of being "a leaker" who had committed "a felony", referred to Priebus as "a fucking paranoid schizophrenic, a paranoiac", and said that Priebus "would resign soon". Priebus did not respond to Lizza's request for comment. Scaramucci also said "I'm not Steve Bannon, I’m not trying to suck my own cock" in an apparent reference to his lack of interest in media attention.[41][45] The following day, Scaramucci tweeted, "I sometimes use colorful language. I will refrain in this arena but not give up the passionate fight for Donald Trump's agenda."[45]

During the interview and in a tweet immediately afterward, Scaramucci said that he had contacted or would be contacting the FBI and the Department of Justice, asking them to investigate Priebus for allegedly "leaking" his financial-disclosure form to a Politico reporter. Scaramucci later deleted the tweet. Lizza said the form was obtained from publicly available data at the U.S. Export-Import Bank.[citation needed]

On July 28, Priebus' resignation as chief of staff was announced; Priebus said that he had resigned on July 27. Also on July 28, Trump announced that he had named retired general John F. Kelly as the new White House Chief of Staff.[46]

On July 31, 2017, Scaramucci was dismissed by President Donald Trump from his role as communications director. According to The New York Times, this was done at Kelly's request.[47][48] An official White House statement indicated that Scaramucci had tendered his resignation "to give Chief of Staff John Kelly a clean slate and the ability to build his own team."[49] Scaramucci's tenure of six days, from his unofficial start date on July 25 through his departure on July 31, is the shortest in history for that position, breaking the former record of 11 days that had been held by Jack Koehler in the Reagan administration.[39]

Other activities[edit | edit source]

In 2010, Scaramucci paid $100,000 to have Skybridge Capital's logo and two cameo appearances in the film Wall Street: Money Never Sleeps.[50]

He is the author of three books:

  • Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul[51][52]
  • The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won't Tell You[53]
  • Hopping Over the Rabbit Hole: How Entrepreneurs Turn Failure Into Success[54]

Beginning in March 2016, Scaramucci served as host of the financial television show Wall Street Week[55]; he joined Fox Business Network as a contributor in 2014.[56]

Scaramucci is the vice chair of the Kennedy Center Corporate Fund Board and a trustee of the United States Olympic & Paralympic Foundation.[57] He is also a member of the Council on Foreign Relations. Scaramucci was a member of the New York City Financial Services Advisory Committee from 2007 to 2012.[58]

In April 2016, Scaramucci and two other New York Mets fans bought 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. The jersey was purchased in a private auction for $365,000, the highest price ever paid for a modern-day jersey. The new owners allowed the jersey to be displayed on a rotating basis among the 9/11 Memorial Museum, Citi Field, and the National Baseball Hall of Fame.[59][60]

Personal life[edit | edit source]

Scaramucci has three children from his marriage to first wife, Lisa Miranda; they separated in 2011 after 23 years of marriage, and their divorce was finalized in 2014.[50][61]

Scaramucci's second marriage was to Deidre Ball. Ball worked in investor relations for SkyBridge Capital until Scaramucci sold the firm. The couple first dated in 2011 and married on July 11, 2014,[4] after having their first child together in early 2014. Ball filed for divorce from Scaramucci in early July 2017 when she was eight months pregnant with their second child, to whom she gave birth on July 24, 2017.[50]

References[edit | edit source]

  1. Berman, Russell (July 21, 2017). "Who Is Anthony Scaramucci?". The Atlantic. 
  2. Festuccia, Paolo (July 23, 2017). "Il nonno partito da Gualdo un secolo fa, viaggio alle radici italiane di Scaramucci" (in Italian). La Stampa. 
  3. Pressler, Jessica (May 6, 2012). "The Mooch Is His Own Aflac Duck". New York. 
  4. 4.0 4.1 McBride, Jessica (July 21, 2017). "Anthony Scaramucci's Family: 5 Fast Facts You Need to Know". Retrieved July 24, 2017. 
  5. Scaramucci, Anthony (October 10, 2016). "Discussing Addiction and Recovery with My Brother". Medium. Retrieved July 28, 2017. 
  6. La Roche, Julia (August 20, 2015). "40 old high-school yearbook photos of Wall Street's titans". Business Insider. 
  7. "Concerned Citizens Meet on Youth Center Issue". The Schreiber Times: p. 8. 
  8. Lopez, Linette (August 14, 2012). "The Hilarious Story Of How Anthony Scaramucci Was Hired, Fired, And Rehired At Goldman Sachs". Business Insider. 
  9. 9.0 9.1 Felicissimo, David (July 28, 2017). "President Trumps new Director of Communications: Anthony Scaramucci: The Unlikely Path of a Law...". Medium. Retrieved July 29, 2017. 
  10. 10.0 10.1 "FINalternatives Sky’s the Limit for Skybridge After Citi Deal". Final Alternatives. March 17, 2010. 
  11. McLean, Bethany (December 2009). "The Bank Job". Vanity Fair. Retrieved March 28, 2015. 
  12. "Hedge fund manager rises to prominence as economic adviser to Trump". The Washington Post. December 22, 2016. 
  13. McLean, Bethany (June 8, 1998). "Everybody's Going Hedge Funds". Fortune. Archived from the original on January 27, 1999. 
  14. "Neuberger Acquires High-Net-Worth Assets". Money Management Executive. October 29, 2001. Retrieved March 28, 2015. 
  15. Delevingne, Lawrence (January 27, 2015). "Here are the best hedge funds for 2015: Experts". CNBC. Retrieved March 28, 2015. 
  16. Ahmed, Azam (May 13, 2011). "DealBook "SkyBridge Comes Out a Winner in Las Vegas". The New York Times. 
  17. Kentner, DA (August 5, 2011). "The Readers' Writers: Entrepreneur and author Anthony Scaramucci". Waynesville Daily Guide. Retrieved March 28, 2015. 
  18. "The Power 100". Worth. October 17, 2016. Retrieved February 18, 2017. 
  19. Steinberg, Brian (March 14, 2016). "Fox Business Network Picks Up 'Wall Street Week'". Variety. 
  20. "Anthony Scaramucci won't get announced White House role, official says". CNBC. February 2, 2017. Retrieved February 2, 2017. 
  21. "SkyBridge Capital Announces Definitive Purchase Agreement To Sell Majority Stake in Firm" (Press release). SkyBridge Capital. PR Newswire. January 17, 2017. Retrieved January 20, 2017. 
  22. 22.0 22.1 22.2 22.3 Collins, Ben. "Anthony Scaramucci Loved Hillary, Gave to Obama, and Deleted Anti-Trump Tweets". Daily Beast. Retrieved July 28, 2017. 
  23. "Bloomberg "Romney Lures Away Obama's Wall Street Supporters in Race for Campaign Cash". 
  24. Sanati, Cyrus (October 6, 2010). "The New York Times "A Fund Manager’s Message Beyond the 'Pinata'". 
  25. Giaritelli, Anna (July 22, 2017). "Anthony Scaramucci's old tweets reveal liberal views on climate, abortion, gay rights, border wall". The Washington Examiner. 
  26. Rucker, Philip (May 9, 2016). "Anthony Scaramucci, a top Republican fundraiser, signs on with Trump campaign". The Washington Post. 
  27. Bender, Michael C. (November 12, 2016). "Donald Trump Shuffles Transition Team, Making Mike Pence Chairman". The Wall Street Journal. ISSN 0099-9660. 
  28. 28.0 28.1 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. 
  29. Gasparino, Charles; Schwartz, Brian (January 31, 2017). "The story behind Scaramucci's delayed appointment amid Trump White House bickering". Fox Business. 
  30. 30.0 30.1 Palmeri, Tara (March 7, 2016). "Scaramucci still in consideration for White House role, official says". Politico. 
  31. Gasparino, Charlie; Schwartz, Brian (February 1, 2017). "Trump Team Reconsiders Scaramucci's White House Role". Charlie Breaks It. Fox Business. 
  32. "Anthony Scaramucci will not get White House role – NYT". Reuters. February 1, 2017. 
  33. Nuzzi, Olivia (February 9, 2017). "Steve Bannon and Reince Priebus Want You to Know They Are Friends". New York. "'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." 
  34. "President Donald J. Trump Announces White House Staff Appointments" (Press release). The White House. March 6, 2017. Retrieved March 7, 2017. 
  35. "The hedge funder who had long hoped to work for Trump finally got a job". Business Insider. Reuters. June 27, 2017. 
  36. Gómez, Serafin (June 27, 2017). "Trump adviser Scaramucci joins Export-Import Bank". Fox News Channel. 
  37. Battaglio, Stephen (June 27, 2017). "Three CNN journalists resign over retracted Trump-Russia story". Los Angeles Times. 
  38. "Trump attacks CNN after resignations of three journalists over retracted Russia-related story". The Telegraph. June 27, 2017. Retrieved June 28, 2017. 
  39. 39.0 39.1 Santos, Amanda Proença (July 31, 2017). "Scaramucci Sets New Record for Shortest Term as Communications Director". NBC News. Retrieved 31 July 2017. 
  40. Bowden, John (July 21, 2017). "White House: Scaramucci will report directly to Trump". TheHill. 
  41. 41.0 41.1 Lizza, Ryan (July 27, 2017). "Anthony Scaramucci Called Me to Unload About White House Leakers, Reince Priebus, and Steve Bannon". The New Yorker. 
  42. 42.0 42.1 Thrush, Glenn (July 21, 2017). "Sean Spicer Resigns as White House Press Secretary". The New York Times. Retrieved July 21, 2017. 
  43. "Trump Hires Scaramucci as Communications Director, Spicer Resigns". Bloomberg. May 30, 2017. Retrieved July 21, 2017. 
  44. Cillizza, Chris (July 27, 2017). "Anthony Scaramucci's absolutely bananas quotes to the New Yorker, ranked". CNN. 
  45. 45.0 45.1 Smith, David (July 27, 2017). "Anthony Scaramucci in furious, foul-mouthed attack on White House rivals". The Guardian. 
  46. Baker, Peter; Haberman, Maggie (July 28, 2017). "Reince Priebus Pushed Out After Rocky Tenure as Trump Chief of Staff". New York Times. 
  47. "Trump Removes Anthony Scaramucci From Communications Director Role". The New York Times. July 31, 2017. Retrieved July 31, 2017. 
  48. Pramuk, Jacob (July 31, 2017). "Trump removes Anthony Scaramucci from communications director role". CNBC. Retrieved July 31, 2017. 
  49. "Statement from the Press Secretary". The White House, Office of the Press Secretary. July 31, 2017. 
  50. 50.0 50.1 50.2 Schuster, Dana. "Scaramucci's fed-up wife filed for divorce while nine months pregnant". New York Post. Retrieved July 30, 2017. 
  51. "Power and piñatas: Anthony Scaramucci, hedge-fund ambassador". The Economist. May 12, 2011. 
  52. Nocera, Joe (October 1, 2010). "Still Stuck in Denial on Wall St.". The New York Times. Retrieved March 28, 2015. 
  53. Glor, Jeff (June 15, 2012). "'The Little Book of Hedge Funds' by Anthony Scaramucci". CBS News. 
  54. Taub, Rob (October 24, 2016). "Hopping Over The Rabbit Hole: How Entrepreneurs Turn Failure Into Success". Huffington Post. Retrieved July 31, 2017. 
  55. "FOX Business Network Welcomes Iconic 'Wall Street Week' Program". Fox Business Network. March 14, 2016. 
  56. Celarier, Michelle (September 10, 2014). "Scaramucci inks deal with Fox Business". New York Post. Retrieved March 28, 2015. 
  57. "Conference Speakers: Anthony Scaramucci". SALT Conference. Retrieved March 28, 2015. 
  58. "Generating Alpha in Volatile Markets". New York Society of Security Analysts. Retrieved March 28, 2015. 
  59. Kernan, Kevin (April 14, 2016). "Mets fans spend big to rescue Piazza 9/11 jersey as museum piece". New York Post. 
  60. Kernan, Kevin (April 5, 2016). "Frustrated Mike Piazza speaks out on Mets' 9/11 jersey shocker". New York Post. 
  61. McBride, Jessica. "Lisa Miranda, Anthony Scaramucci’s Ex Wife: 5 Fast Facts You Need to Know". Retrieved July 31, 2017. 

External links[edit | edit source]