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September 16, 2026

Memorandum

From
Caroline Mercer via Fortune | FORTUNE
Date
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Politics·5 min to read
Re

Pelosi and Pence Share Historic Embrace at Yale Public Service Awards

RePelosi and Pence Share Historic Embrace at Yale Public Service Awards

Former House Speaker Nancy Pelosi and former Vice President Mike Pence received the inaugural Yale Patriot Public Service Award, sharing a 20-second embrace that stunned a bipartisan room of business and political leaders.

Former House Speaker Nancy Pelosi and former Vice President Mike Pence shared a roughly 20-second embrace in Washington, D.C., before each received the inaugural Yale Patriot Public Service Award for Executive Leadership, an honor designed to recognize Americans of both parties who have put country above party and self.

The moment occurred at the Yale Chief Executive Leadership Institute's semiannual CEO Caucus, hosted by Jeffrey Sonnenfeld, the Lester Crown Professor in Management Practice and Senior Associate Dean at Yale School of Management. When Pelosi entered the room more than halfway through the event, a hush fell over the crowd. She made her way through the front, shaking hands and sharing brief side hugs with familiar faces, before taking her seat next to Pence. The two then gripped hands, leaned in to whisper, and embraced as the room watched.

Sonnenfeld described the scene as «shocking, historic and emotional to all.» He said many attendees were stunned and moved by the embrace of long-standing political rivals who are titans of their respective parties. The awards, inaugurated this year to mark the 250th anniversary of American independence, went to Pelosi for «Legislative Leadership» and to Pence for «Executive Leadership.»

The presenter list reflected a bipartisan reunion. Former Democratic House Majority Leader Dick Gephardt spoke forcefully about Pence, saying he «put country over party, and more importantly, country over self.» Gephardt told the room, «Mike Pence is a patriot. He has good character. He did the right thing. He stood for the Constitution, he stood for the laws of this country, and he saved this democracy.»

Carla Hills, a Republican who served as U.S. Trade Representative and HUD Secretary, offered a parallel case for Pelosi. «In these highly partisan days, Nancy Pelosi has really been a model for outstanding government leadership,» Hills said. «She takes principled positions. Policy over politics. And policy over her own needs for reelection.»

Former Federal Reserve Chair and Treasury Secretary Janet Yellen, unable to attend in person, sent a pre-recorded tribute praising Pelosi's «remarkable ability to look at seemingly impossible political situations, figure out what can actually be done, and then somehow get it done,» adding that «all of that political skill is grounded in a very clear sense of purpose and a strong moral compass.»

Other attendees who lifted the off-the-record ground rules to express support included former HHS Secretary Sylvia Mathews Burwell, Chief Executive Group CEO Marshall Cooper, USA Networks founder Kay Koplovitz and American Industrial Acquisition Chairman Leonard Levie.

The tributes served as the emotional centerpiece of a caucus otherwise consumed by anxiety over the ongoing war in Iran, Trump's upcoming visit to China, and AI's effect on jobs and markets. Pence later posted about the event on. Both he and Pelosi offered several jokes, in keeping with Sonnenfeld's tone as a free-wheeling master of ceremonies.

Fortune's Diane Brady wrote that she «did not expect to return from the Yale CEO Caucus in Washington feeling more hopeful than when I arrived,» crediting the standing ovations for Pence and Pelosi as proof that «what unites them isn't their politics but their commitment to the Constitution, public service, integrity and something bigger than themselves.»

Reaction from other attendees echoed that relief. Jay Timmons, president and CEO of the National Association of Manufacturers, said manufacturers are «wrestling with enormous uncertainty, much of which has been brought about by populism and extreme partisanship.» He called the joint tribute a «vivid reminder that our nation is at its best when our leaders work together to advance America's highest ideals.»

Robert Hormats, who served as a senior State Department economic official across five administrations, was more emphatic, describing Pence and Pelosi as «HEROES WHO SAVED OUR DEMOCRACY THAT DAY. … A TRULY MEMORABLE DAY.»

Sonnenfeld said he hoped the moment could provide a «much-needed pathway for business leaders to help pilot their businesses through the anxieties of the next few weeks and possibly next few months of a divided nation.»

Caroline Mercer

Author

World News Correspondent

Caroline Mercer covers public affairs, politics, business, culture and daily news for Core Memo. The role focuses on verification, context, and clear explanations for readers.

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