(CNN) - "Was that my…uhhh…oh goodness," President Obama said as he looked around at the front of the lectern.
When the presidential seal affixed to his lectern thudded to the floor mid-speech, Obama's serious tone at a business conference took a backseat to comedy for about a minute Tuesday night.
"That's alright. All of you know who I am," he said to laughter and applause.
"But I'm sure there's somebody back there that's really nervous right now, don't you think?" Obama joked. "They're sweating bullets back there right now."
The seal was picked up and taken backstage after Obama finished speaking about 15 minutes later.
The president was addressing the 2010 Fortune Most Powerful Women Summit in Washington, DC.
–CNN's Bob Kovach contributed to this report.