This must have been galling for Ken Moelis, who was the only high-profile leader of a Wall Street firm to attend the Saudi Future Investment Initiative conference in October.
JPMorgan chief executive Jamie Dimon, BlackRock head Larry Fink and Blackstone chairman Stephen Schwarzman all cancelled, in an apparent attempt to signal disapproval to the Saudis, without actually cutting off their own future earnings from the kingdom.
Moelis, by contrast, showed up and engaged in awkward evasion of media questions.
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