After all these years earning peanuts, amongst the lowest of his peers this what some called "most powerfull man in the world" is now earning to his correct potential and the criticisms arise.
He has been able to earn much larger amounts for years so it is not surpirsing that, now that he is free, that he now does so.
Is this really a clear case for criticism?
Onésimo Alvarez-Moro
See article:
No sooner did Alan Greenspan retire at the end of January, after 18 years as Federal Reserve chairman, than he hit the speakers' circuit and floated an outline for his memoirs. Mr. Greenspan, who is commanding six-figure fees to air his views on the economy, is probably expecting a lot more for his book, which will focus on the monetary and fiscal crises he handled while at the helm of the nation's economy.
Whether his lawyer, Robert Barnett, can get a stratospheric book advance comparable to the ones he negotiated for former President Bill Clinton ($12 million) and Senator Hillary Rodham Clinton ($8 million) remains to be seen. Even though Mr. Greenspan is a household name and is known for coining the phrase "irrational exuberance" for the stock market bubble, his pronouncements often left the public mystified. But that was then, and now that he's left the Fed post, he's free to tell it like it was.
See full Article (free registration required).
Posts
