Stifel Group CEO says it is ‘unbelievable’ to think that the company is in the hands of Donald Trump

July 5, 2021 0 Comments

The head of the Stifels Group has told an audience in New York City that the financial company’s CEO and a senior executive have been caught up in a scandal involving allegations of a pay-to-play culture.

The comments come just weeks after Stifele Group was forced to release its annual report amid allegations of pay-for-play schemes at the company, which also has stakes in some of the world’s biggest tech firms.

The Stifelf report, which covers the first nine months of the year, was released late last month and detailed allegations of sexual misconduct by its former head, Scott Brierley, who has since been forced out.

In a wide-ranging interview with Bloomberg Businessweek, Stifelin Group CEO Thomas F. Gullis said that his company’s current CEO and the former executive in question were not involved in the scheme.

“It is incredibly unbelievably to think we’re in the grip of Donald J. Trump’s political machine,” Gullisl said.

“I would never be in the business of putting my own money in the Trump fund or in the pockets of Trump or his cronies.

It would be utterly unconscionable.”

He said the former CEO, Scott Foltz, was not part of the scheme but was instead “the person that decided to give a bunch of money to the campaign”.

“There was no quid pro quo,” Gully said.

He added that the former head was fired after a board meeting, and that he was not aware of the former executives involvement in the pay-off.

Foltzon is the CEO of a publicly traded technology company called Uber, which has been under investigation by the Justice Department over allegations of gender discrimination, sexual harassment and fraud.

Uber has denied any wrongdoing.

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