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Wednesday, May 06, 2015

Bernanke Inc.: Lucrative Life of a Former Fed Chairman - Bloomberg Business

Bernanke Inc.: Lucrative Life of a Former Fed Chairman - Bloomberg Business: "One day only, live from Sin City -- the economist formerly known as chairman of the Federal Reserve.
Fifteen months after leaving the Fed and its trappings of mystery and power, Bernanke, 61, is settling into the peripatetic and highly lucrative life of a Washington former.
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."



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