[lbo-talk] Larry Summers, well-paid tool of Wall Street

[Alan Rudy]

Shocking, the guy who proposed that "economically" Southern lives were worth
less, and less costly to defend the spread of illness and death to, and
therefore live in places it is economically rational and morally reasonable
to send Northern toxic waste for disposal or remediation is bought by Wall
Street... the guy too self-important to be able to deal with the mostly
"just leave us alone and we'll be happy and our prestigious university will
continue to rule the world" faculty at Harvard, esp. those concerned with
issues of race, is a putz... and the guy who thinks its reasonable to
suggest that research into "possible" biological foundations to women's
under-representation in the natural and physical sciences is a schmo... by
far the earliest and most immediately disappointing appointment Obama (has)
made, tho others on the economic team come close.
-A

On Fri, Apr 3, 2009 at 7:02 PM, Doug Henwood <dhenwood at panix.com> wrote:


> <http://online.wsj.com/article/SB123879462053487927.html>
>
> Summers Received Over $5 Million From D.E. Shaw
> By JOHN D. MCKINNON and T.W. FARNAM
>
> WASHINGTON -- Top White House economic adviser Lawrence Summers received
> about $5.2 million over the past year in compensation from hedge fund D.E.
> Shaw, and also received hundreds of thousands of dollars in speaking fees
> from major financial institutions.
>
> A financial disclosure form released by the White House Friday afternoon
> shows that Mr. Summers made frequent appearances before Wall Street firms
> including JP Morgan, Citigroup, Goldman Sachs and Lehman Brothers. He also
> received significant income from Harvard University and from investments,
> the form shows.
>
> In total, Mr. Summers made a total of about 40 speaking appearances to
> financial sector firms and other places, with fees totaling about $2.77
> million. Fees ranged from $10,000 for a Yale University speech to $135,000
> for an appearance paid for by Goldman Sachs & Co.
>
> ...