Dive Brief:
- A trustee of the University of Richmond has been recorded making sexist and homophobic jokes.
- Paul Queally, who is also a major donor to the school, was recorded making jokes about Hillary Clinton and Barney Frank at an induction ceremony for a secret Wall Street society.
- Queally issued a statement that read in part: "On reflection I should have said nothing. I understand that people who do not know me or my work may misinterpret what I said."
Dive Insight:
One building on campus already bears Queally's name and another one is in development. He has donated about $20 million to the school. The remarks were recorded as part of the reporting for a New York magazine article, "One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society."
