Blackstone Group CEO Steve Schwarzman wanted to celebrate 25 years of excellence in the private equity industry, and staged quite a bash at the Metropolitan Museum of Art. The media wasn't invited. But freelance journalist Kevin Roose found a way to crash the party. He filed a story for New York magazine that was interesting but hardly scandalous.

"The room was decked out to banker cocktail-hour specs: deep blue lighting, clinking crystal glasses, Bublé on heavy ro'. Guests mingled in front of the Temple of Dendur, a first-century Egyptian shrine commissioned by Emperor Augustus, a Roman power broker who ruthlessly negotiated his way into control of the entire Mediterranean region and was made a god for his efforts. Subtle, Steve," he wrote. You get the flavor.

But Roose also made reference to a friend who worked at the firm whom he told about his crash plans. His friend texted: "The whole firm will be there. You'll blend in." This friend was said to have pretended not to know Roose at the actual party.

Unfortunately for the journalist, who ought to feel bad, the Blackstone Group is now looking for his friend, according to Fortune, bent on hunting him down like a Soviet mole inside the State Department.

My guess is that if there is such a friend, he will turn himself in. That might spare him his job. But I doubt it.

For more:
- here's the article

Related Articles:
Wall Street back to partying ways, sort of
Icahn's pyrrhic victory over Blackstone
Pete Peterson turns on the private equity industry