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2015-05-06 — bloomberg.com
Beyond the dancing fountains of the Bellagio, in the gilded splendor of the Grand Ballroom, Bernanke will play to a full house at the SkyBridge Alternatives Conference on Wednesday: 1,800 hedge fund types who used to hang on his every word. Bernanke is, in a sense, one of them now -- a well-paid investment consultant who can fete clients, open doors and add a gloss of Fed luster to conferences and meetings.
Call it Bernanke Inc., a post-Fed one-man-show that's worth millions annually on the open market. While the former chairman hasn't disclosed his fees and compensation -- nor, as a private citizen, is he required to -- he is almost certainly pulling down many times what he did while in government.'' ... It's the first opportunity for Bernanke to make a Master-of-the-Universe salary, having spent his entire life in either government or academia (in 2012, his assets were between $1.1 million and $2.3 million, according to government disclosures). ... He follows a long line of presidents, prime ministers, treasury secretaries and Fed officials who have all cashed in after years in highly influential, yet relatively low-paying, jobs. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |