You are here



78th Annual Entertainment Gala

Financial Follies of 2020

Friday, the Thirteenth of November Two Thousand Twenty

6:30 p.m.: Virtual Cocktail Hour

7:30 p.m.: 2020 Financial Follies Show

8:00 p.m.-“ish”: Post Show Cocktail Party Socializing



Don’t Miss the 2020 Interactive Financial Follies Experience!

As you probably know by now, the 78th Annual Follies is taking place on Friday, November 13th and is going to be an all-virtual event. That means you get to take part in all the glitz, glamour, fun and excitement of the traditional in-person event, without the need to even leave your couch! And, don’t forget, the Follies remains black tie -just, from-the-waist up this year. So, break out your tuxedo shirt and jacket, or your favorite sequined top and pair them with a nice comfy pair of sweatpants and Uggs. And feel free to start sharing what you’ll be wearing now on Twitter using: #FinancialFollies & #virtualblacktie

Just like the in-person Financial Follies we’ve all come to love over the past 78 years, this year’s event will kick off with a cocktail hour -and it’s open bar (meaning, have your home bar open and prepare yourself a cocktail -or two or three if you’re really hoping to replicate the in-person Follies- before logging on to Zoom). Once you log into Zoom you’ll be randomly assigned to a breakout room where you can socialize and network with other journalists, public relations specialists and financial industry professionals and you will have the ability to see who is in each breakout room and freely move yourself between rooms.

After the cocktail hour, all attendees will be brought back to the main Zoom room where there will be a short message from this year’s NYFWA president, followed by the presentation of this year’s show and all the videos, tweets and contributions that comprise it. *Anyone looking to fully re-create the in-person version of the Follies will want to pre-load a table with six or seven bottles of wine, a bottle or two of vodka, scotch and whiskey and several bottles of beer -oh, and a bit of food on the side. And once again, the video that racks up the most re-Tweets will be crowned the winner of the 2020 Financial Follies - complete with trophy and full bragging rights.

Following the show portion of the evening, everyone will be returned to breakout rooms where you can continue drinking and socializing with other attendees into the early morning hours.

While this year’s Financial Follies will be free of charge, any financial contributions will be greatly appreciated. Proceeds from the Financial Follies are used to support the New York Financial Writers’ Association’s annual scholarships, which we are determined to continue giving out to deserving NY-area journalism students, despite the financial stress of the COVID-19 pandemic. Donations to the NYFWA Education Scholarship Foundation can be made through the following link: DONATE HERE or by contacting the NYFWA’s executive director, Britt Erica Tunick, at: or 646-470-7433. The NYFWA Education Scholarship Foundation is a 501(c)(3) and donations to this year’s event are 100% tax-deductible.

*Since there won’t be a chance for table buyers to host pre/post cocktail parties of their own this year, any firm that donates $1,000 or more to the NYFWA Education Scholarship Foundation can do so by having one of the Zoom breakout rooms we’ll be using for the cocktail parties named after them.

And don’t forget -your opportunity to participate in this year’s Follies can extend beyond just attending as a guest. The NYFWA is accepting contributions for this year’s show until October 30th -so send us your cheesiest, garage band quality video, skit, video conference fail or even just amusing photos you’d like to contribute. Just be sure to check out our submission guidelines before you start working on your masterpiece.


Guidelines for Financial Follies Video Submissions:

  •   Any media organization, as well as a public relations firm or company sponsoring a table at the Financial Follies, is welcome to submit a video for inclusion in the Financial Follies.
  •   Topics are required to be pre-screened by the NYFWA. Topics can be submitted to:
      *Even if a topic is green lighted, a video may not be included in the show if its content is deemed to be inappropriate or in any way offensive.
  •   Videos should be 1 to 2 ½ minutes long 
  •   Videos must include super titles (a necessity, given the talking that goes on among Follies attendees)
  •   Musical videos are encouraged, but not required.
  •   Video submissions are due no later than Friday, November 1. Anything submitted after the deadline is unlikely to be used in the show


Financial Follies of 2017:


Once again, there was no shortage of material for Financial Follies. So, the close to 1,000 attendees of this year's show were entertained with numbers touching on everything from quantitative easing, to the mass exodus of board members, regulatory fines and some of the bizarre happenings of the Trump administration's first year in office. Photos taken at this year's event by Christine Albano can be found here.


Financial Follies of 2016:

From ongoing speculation about when the Fed will finally raise interest rates, to Brexit and the U.S. presidential race, there was no shortage of material for the 2016 Financial Follies. So, not surprisingly, the more than 1,000 attendees of this year's show were entertained with numbers touching on al of these topics, among others. And with the event taking place only three days after the presidential election, what better way for members of the liberal, biased media to celebrate the end of the campaigns than with an event poking fun at them? Photos taken at this year's event by Christine Albano can be found here.


Financial Follies of 2015:

While the 2015 Financial Follies brought a new venue and was held a week earlier than previous Follies, one thing that stayed the same was the fun the more than 1,200 attendees had networking over drinks, dinner, and still more drinks. This year's show featured spoofs of everything from the insane campaign antics of Donald Trump, to the Fed's oh-so-long awaited interest rate hike and even a jab at the long hours and low wages or journalists. Photos of the 2015 Follies taken by Christine Albano can be found here. Or check out Talking Biz News' coverage of this year's event here


Financial Follies of 2014:

Photos of the 2014 Follies by Christine Albano can be found here

Financial Follies of 2013:

Click here for photos Photos and story by Steve Govoni In an increasingly digitized, scandalized and polarized world, there's nothing like rocking the Friday night before Thanksgiving with old friends, colleagues and business contacts at the Financial Follies. For 71 years, reporters, editors, PR and industry execs have followed the New York Financial Writers Association's tradition of satirizing the past year's biggest stories, schmoozing about countless other narratives and networking all night. This year's event drew more than 1,100 revelers to the Broadway Ballroom at the Marriott Marquis, and Vapor Corp.'s after-party in the hotel's duplex penthouse evoked memories of a similarly swinging soiree in the late 1980's sponsored by Phillip Morris. This time, though, there were a few leather-clad hostesses and plenty of smokeless electronic cigars, cigarettes, and hookah sticks to go around. As for the show, the 2013 Follies targeted: Amazon CEO Jeff Bezos; municipal bankruptcies; fracking; Senator Ted Cruz; Mayor Michael Bloomberg; and disgraced hedge fund SAC Capital. Between musical numbers, retired New York Times business writer and former NYFWA president Len Sloane was honored for his 50 years in the cast of the Follies, which included a poignant video of his many performances. Video components of the show were made possible by Al Jazeera America, CNN,, Fox Business News,, and Thomson Reuters. Particularly memorable: Simon Constable's acerbic riffs on how the economy still sucks and follies flow freely, and Debra Borchardt's cleverly crafted "Breaking Bad News". Kudos to: Follies director Laura Josepher, musical director Jill Brunelle; book and lyrics chair Bill Egbert (with ample wit from Peter Coy, Josh Friedlander, Peter Phelan, Larry Carrel, and Sheila Mullan); video co-chairs Peter Phelan and Myron Kandel (with Steve Gelsi); and NYFWA executive manager Britt Erica Tunick. Coverage of the 2013 Follies by O'Dwyers

Financial Follies of 2012:

Click here for photos Photos and story by Steve Govoni Considering the fragile global economy, Mideast turmoil, and political divisiveness, it's no wonder the Financial Follies has reputedly held the record for the largest bar bill at the Marriott Marquis. While audited statements were not available at press time, more than 900 journalists, PR pros, and corporate executives made the New York Financial Writers Association's 70th annual Follies another memorable soiree. This year's targets: Goldman Sachs (to the tune of The Muppett Show Theme Song) Washington gridlock; the bungled Facebook IPO; Mitt Romney wailing about the election to the tune of "Sandy"; sex-crazed book publishers; and giant banks like JPMorgan Chase, whose CEO Jamie Dimon inspired a parody of "Diamonds Are a Girls Best Friend." Hats off to producer Pierre Paulden; director Laura Josepher; musical director Jill Brunelle; the book and lyrics committee; the video team; and of course NYFWA executive manager Jane Reilly. Special thanks to CNN,, News Hub/Wall Street Journal Digital Network, and The Street for all the work that went into the video component of the show.

Financial Follies of 2011:

Click here for photos Photos and story by Steve Govoni With the worst economic malaise since the Great Depression entering its fifth year, 1,000 journalists, PR pros, and corporate executives occupied Broadway for a liquidity-driven stimulus program better known as the Financial Follies. This year's targets: rampant market volatility; crushing debt burdens; the News of the World hacking scandal; the caricaturish 2012 Presidential campaign; Internet IPOs and social networking; the Euro crisis; and the Fed's quantitative easing. Special thanks to producer Rich Wilner; director Laura Josepher; musical director Jill Brunelle; the book and lyrics committee (Josh Friedlander and Imogen Rose-Smith, co chairs; Peter Coy, Mark Fogarty, and Pierre Paulden) ; the video team (Myron Kandel, Peter Phelan, Simon Constable, Steve Gelsi, and Jake Novak); and last but by no means least, New York Financial Writers Association Executive Manager Jane Reilly.

Financial Follies of 2010:

Photos and story by Steve Govoni No matter how much things change, one constant is the Friday before Thanksgiving when the financial press and its many sources gather to celebrate the year's headlines in song and dance. This year's Financial Follies drew more than 1,100 partiers to the sold-out Broadway Ballroom at the Marriott Marquis, fulfilling its long tradition as the solid rocket booster of the holiday season. Kudos to producer Imogen Rose-Smith, who also spearheaded the book and lyrics with co-chair Josh Friedlander; Myron Kandel and Peter Phelan on videos; director Laura Josepher; musical director Jill Brunelle; and of course NYFWA executive manager Jane Reilly, the linchpin of this gala event. Among those celebrated on stage were Goldman Sachs (“Bad Finance,” ala Lady Gaga), BP (“Never, Never Slick at Sea,” from Gilbert & Sullivan’s HMS Pinafore), unfunded pensions (Queen’s “Who Wants to Live Forever”) and the economies of Japan (“It’s Raining Yen”) and the U.S. (“Don’t Stop Deceiving”).  CNN, Fortune, and the News Hub/Wall Street Journal Digital Network contributed videos.  Weber Shandwick and Blumberg Capital Investments hosted after-parties where Follies attendees continued the party long into the night. Click here for a complete wrap-up in pictures. Wall Street Journal article - November 21, 2010 Photos from the Blumberg Capital Partners After-Party

Financial Follies of 2009:

More than 1,000 journalists, communicators, and corporate executives gathered in the Broadway Ballroom at the Marriott Marquis in Times Square to lampoon major newsmakers at the 67th Financial Follies on November 20, 2009. Considered by many to be the financial media's premier event, the Follies took aim at Ponzi King Bernie Madoff and his sexual shortcomings (as previewed by the New York Post in September); California's disastrous finances; Detroit automakers; Goldman Sachs; and the beleaguered Federal Reserve Bank. Other highlights of the evening included videos produced by CNBC, CNN, Forbes, Fox Business News and News Hub/Wall Street Journal Digital Network. The revelers partied late into the night, and like the Governator in "California Bills", left promising, "I'll be back." Click here for photos by NYFWA board member Steve Govoni. Talking News Biz

Financial Follies of 2008:

Click here for photos by NYFWA board member Steve Govoni. Click here to see Mediabistro report and video. See New York Times and Reuters.


Financial Follies of 2007:




Financial Follies of 2006:



Financial Follies of 2005:


Financial Follies of 2004:


Financial Follies of 2003:


Financial Follies of 2002:


Financial Follies of 2001:


Financial Follies of 2000:


Financial Follies of 1999:


Financial Follies of 1998:



Financial Follies of 1997:



Financial Follies of 1996:


Financial Follies of 1995:


Financial Follies of 1994:


Financial Follies of 1993:


Financial Follies of 1992:


Financial Follies of 1991:


Financial Follies of 1990:


Financial Follies of 1989:


Financial Follies of 1988:


Financial Follies of 1987:


Financial Follies of 1986:


Financial Follies of 1985:

Unfortunately, no video footage exists for the 1985 Financial Follies.


Financial Follies of 1984: