Philanthropic Hedge-Funders Pay $400,000 To Sing Song With AEROSMITH

May 4, 2007

According to The New York Times, philanthropic hedge-funders paid $400,000 to sing a song with AEROSMITH at this year's 2007 Robin Hood benefit. A package that includes dinner for 10 with Mario Batali fetched $1.3 million. An all-expenses-paid trip to the Olympics in China that includes hanging out with the "Today" host Matt Lauer and meeting a member of the United States women's soccer team went for $2.2 million.

"It was an evening of excess," said a hedge fund manager who asked not to be identified. "Celebrity excess, charity excess. The scale of everything was just amazing."

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