“We have members from every firm that has failed”

In another skit, William Mulrow , a senior managing director at the Blackstone Group, put on raggedy clothes to play the part of an Occupy protester. Emil W. Henry Jr., a managing partner at Tiger Infrastructure Partners and a fellow new Kappa, joined him dressed as a wealthy baron.

“Bill, look at you! You’re pathetic, you liberal! You need a bath!” Mr. Henry said, voice full of mock indignation.

“You callow, insensitive Republican!” Mr. Mulrow said. “Don’t you know we need to create jobs?”

A Blackstone spokesman declined to comment on Mr. Mulrow’s behalf. Mr. Henry was not immediately available for comment.

The night’s agenda was twofold: install officers for the coming year and haze incoming members by having them don wigs, gold-sequined skirts and skin-tight tops and put on a comedic variety show for the enjoyment of other members.

read more | Kevin Roose, A Raucous Hazing at a Wall St. Fraternity | Dealbook/NY Times