All aboard. This gravy train's next stop: the Federal Reserve
This story caught my eye - as if we didn't already
know this stuff is rather routine (smile).
Summary: According to the New York Times' Alexandra
Stevenson, Ben Bernanke had barely left his office when he
jumped aboard the global gazillionaire gravy train – a couple of tidbits:
Mr. Bernanke arrived in the ME on a Tuesday, spoke in Abu
Dhabi on a Wednesday, then in Johannesburg ,
and by Friday, he was back in Houston .
That was one week in March and a particularly busy one for Mr. Bernanke.
During his eight years as steward of the world's largest
economy (the Fed), his salary was about $200,000 a year. Now he makes that in
just a few hours speaking to bankers, hedge fund billionaires and leaders of
industry. This year alone, he is poised to make millions of dollars from
speaking engagements.
Bernanke is following a well-trodden path that his
predecessor, Alan S. Greenspan, and other Washington
policy makers often take.
I think we refer to it as “the revolving door” in and out of
Washington , DC
and high government office. Yep - that's it ... no wonder that door is
gold-plated.
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