One-Percent Club's Richmond Connection 

A UR leader is outed as a member of a Wall Street secret society, and a teller of sexist and homophobic jokes.

Former New York Times reporter Kevin Roose yesterday introduced the world to the secret Wall Street fraternity Kappa Beta Phi and its bizarre rituals, which include dressing and drag and doing weird skits.

His article, which ran in New York Magazine, also outed as a member of said secret fraternity University of Richmond board of trustees member Paul Queally, a major donor for whom an addition on the university’s business school is named. Last year, Queally donated another $10 million to finance a new “Queally Center for Admissions and Career Services.”

Queally’s membership would probably be strange but OK if it weren’t for the sexist and homophobic jokes he was recorded telling as part of a series of short skits presented at the event, which was an induction ceremony for new members that took place in 2012:

Paul Queally, a private-equity executive with Welsh, Carson, Anderson, & Stowe, told off-color jokes to Ted Virtue, another private-equity bigwig with MidOcean Partners. The jokes ranged from unfunny and sexist (Q: “What’s the biggest difference between Hillary Clinton and a catfish?” A: “One has whiskers and stinks, and the other is a fish”) to unfunny and homophobic (Q: “What’s the biggest difference between Barney Frank and a Fenway Frank?” A: “Barney Frank comes in different-size buns”).

In addition to including it in his story, Roose also posted audio of the exchange, which has been listened to 30,000 times at the time of this writing.

Coming from a UR leader, the sentiment would seem to run counter to the school’s push for greater diversity, as outlined in its strategic plan, which calls for fostering an “an authentic culture of inclusivity that seeks and prizes diversity of experience, belief, and thought.”

University of Richmond spokeswoman Linda Evans said in an email the school is “aware of the article” and would have a statement this afternoon.

Queally wasn’t immediately reachable for comment.


Charles A. Ledsinger Jr., rector of the school's board of trustees, issued the following statement reaffirming "the commitment of each of its members to promoting inclusivity, civility and respect."

We are grateful to our faculty, staff and students for their leadership in ensuring we are a welcoming and inclusive community and that we fulfill our responsibility to prepare our students for responsible citizenship, principled leadership, and to flourish in and contribute to a diverse, global workplace and society. We look forward to our continued work together to further our shared aspirations.

Still no word back from Queally.


Comments (10)

Showing 1-10 of 10

Add a comment

Subscribe to this thread:
Showing 1-10 of 10

Add a comment

  • Re: NSFW: Naked Jogger Emerges Again in Fan District

    • Are you paying $189 a week for Valtrex or $67 for Acyclovir to suppress your…

    • on July 22, 2017
  • Re: Richmond Seeks to Open Up Its Process for Selling Property

    • Does anyone really think the incompetents who populate City Hall can streamline and simplify a…

    • on July 21, 2017
  • Re: Move Over Cat Cafe: Get Ready For Lizards and Lattes in Richmond

    • Good Lord. Shut The Fuck Up.

    • on July 21, 2017
  • More »
  • Latest in News and Features

    More by Ned Oliver

    • Auto Spying

      Auto Spying

      Virginia lawmakers are fighting against the use of license-plate scanners by police. But what about the people privately watching your whereabouts?
      • Apr 28, 2015
    • City Explores Tax on Richmond Airbnb Rentals

      City Explores Tax on Richmond Airbnb Rentals

      • Apr 21, 2015
    • Flash Forward

      Flash Forward

      Richmond is getting a $54 million, high-speed bus line right down Broad Street. But do we need it? Here are the answers to seven questions you might be asking.
      • Apr 21, 2015
    • More »

    Copyright © 2017 Style Weekly
    Richmond's alternative for news, arts, culture and opinion
    All rights reserved
    Powered by Foundation