Apr 6, 2009

Larry Summers

We had the chance to see Summers in person last year when he came for a speech at HEI...I wonder how much the school paid him for his speech.
According to Financial disclosure forms released by the White House Summers was paid more than $2.7 million last year in speaking fees by several troubled Wall Street firms and other organizations. He also collected roughly $5.2 million in compensation from hedge fund D.E. Shaw and made $586,996 in salary from Harvard University...The article mentioning this in the Washington Post is here.

Does this make him a bad guy? Not yet I guess. But I did notice something weird about him...I've never seen him smile or make a joke here and there...Beware of people that never smile.


Salvi said...

I just read today on this article that Tony Blair made 6000 £ per minute for a speech in Manila. Important quotes: “politics really matters, but a lot of what goes on is not great” and “religion [can be] a source of inspiration, or an excuse for evil”.

Pierre-Louis said...

hum, according to the NY Times, Summers was paid for consulting for a hedge fund while president of Harvard...has the shit hit the fan?