Tim Geithner, the former US Treasury secretary, has been elevated to the highest rank of public speakers, alongside former world leaders Bill Clinton and Tony Blair, after receiving about $400,000 for three speaking engagements.
Oddly this story also broke the news that Bill Clinton was the headliner for The Carlyle Group's Investor Meeting last September in a meeting of the CGI's squared. Geithner already pocketed $200,000 in fees from the PEU boys, Blackstone and Warburg Pincus.
He spoke in June alongside Nicolas Sarkozy, France’s ex-president, and Mario Monti, Italy’s former prime minister, at Deutsche Bank’s annual conference in the UK. Mr Geithner gave a speech before taking questions from Peter Hooper, the bank’s chief economist who has invited him to participate in a “few client events this year”, the bank said.The Carlyle Group employs a Sarkozy. Mario Monti worked for Goldman Sachs. Note the invitation to work with a few client events, i.e. more huge fees for Geithner. The Government-Corporate Monstrosity, Eisenhower's Military-Industrial Complex on trillions in federal steroids, takes care of its own.
Mr Geithner was also the main attraction at Blackstone’s annual meeting in April, and the following month appeared at Warburg Pincus’s annual meeting. He was paid no more than $100,000 by each of the private equity groups, according to people familiar with the matter.
Look for Geithner to land a PEU Senior Advisor slot in the near future. It's the rage amongst retired Red & Blue public servants.
(Thanks to Economic Policy Journal)
Update 7-11-13: Hillary Clinton joined the $200,000 a speech club.