The Commercial Finance Association, a financial services group, hired former New York mayor and noted windbag Rudy Giuliani to do a speech for them. During this speech, Giuliani made racist remarks about "Mexicans in the kitchens at the Waldorf." Afterward, the Commercial Finance Association issued a groveling apology.
The association's CEO wrote in an email sent to attendees that Giuliani "presented unscripted personal opinions which were independent of CFA's political position or core values."
"While we, the event organizers, made every attempt to direct Mr. Giuliani's remarks ahead of time to focus on leadership, for which he is renowned and has authored a book, there is always the possibility of such a surprise at a live event," Bob Trojan wrote.
It's a small data point, but a serious one. They didn't believe that he was really a racist sack of shit, because TV, the internet, the papers—none of that's real, is it? So Wall Street paid him a fantastic amount of money to rant about Mexicans, thereby buying and eating the sack of shit.