For the last eight years, up until February 3, 2014, Ben Bernanke toiled away in Washington as a public servant. He took a lot of crap for not a lot of money (compared to what he could’ve been making in the private sector) and he’s got the JoS A. Bank suits to prove it. Was he happy to answer the call of duty? Sure. Will he think of his time at the Eccles Building fondly? You betcha. Is he more than ready to open his mouth and make it rain to the tune of $6,250/minute? Ya got that right.
Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve. Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the matter. That compares to his 2013 paycheck of $199,700, and the appearance was only the first of three around the world this week…In hitting the speaking circuit, Bernanke is following a well-trod path of top public servants cashing in on the demand for the insights they can offer. In the case of a one-time Fed chairman, those insights could potentially be market-moving.
Step aside: Big B’s got money to make.