Finally there’s Sperling, who in some ways is the worst of the three [possible Summers replacements] when it comes to grubbing money from Wall Street. The other two have well-defined and easily-understood jobs; Sperling, by contrast, signed up with the Harry Walker Agency and started giving speeches to anybody with cash, including not only Citigroup (C) but even Allen Stanford. He also wrote a monthly 900-word column for Bloomberg for $137,500 a year, which works out to about $13 per word. Then he started “advising” Goldman Sachs (GS) on its charitable giving, which advice came very expensively indeed:
Goldman Sachs paid Sperling $887,727 for advice on its charitable giving. That made the bank his highest-paying employer. Even Geithner’s chief of staff Patterson, who was a full-time lobbyist at the firm, did not make as much as Sperling did on a part-time basis. Patterson reported earning $637,492 from Goldman Sachs [in 2008].
Friday, January 07, 2011
From Seeking Alpha: