Ben Bernanke Dines With Hedge Fund Billionaires In New York As He Rakes In The Big Bucks

Mar 27 2014, 5:10pm CDT | by

Ben Bernanke Dines With Hedge Fund Billionaires In New York As He Rakes In The Big Bucks
Photo Credit: Forbes Business

A couple of months after stepping down from the job in which he is credited with averting a global financial crisis that could’ve eclipsed the Great Depression, Ben Bernanke appears to be enjoying his time alongside billionaires and financiers.  The former Fed Chairman was spotted having dinner with several hedge fund billionaires including David Einhorn, Louis Bacon, and Larry Robbins at a New York hot spot on Wednesday.  Bernanke’s new gig as a public speaker is definitely more profitable than being the most important person in the global financial system: earlier this month, he was paid $250,000 for a 40-minute chat in Abu Dhabi, which is more than his 2013 annual salary.

Fresh out of the Fed, Bernanke is a hot ticket.  On Wednesday, he was invited to dine with some of Wall Street’s biggest names: the heads of Greenlight Capital, Moore Capital Management, and Glenview Capital Management were all in attendance, as well as Fortress’ Mike Novogratz and at least four others, The Post’s Page Six reported.

The dinner, held at Le Bernardin, a three Michelin Star seafood restaurant in midtown Manhattan, was hosted by trading firm BTIG.  Bernanke would be speaking about the 2008 financial crisis, the Fed under Janet Yellen, and the current state of affairs in Washington.  It wasn’t immediately clear how much the former Fed Chairman was being paid for chatting with several hedge fund billionaires.

The number that did surface, though, was how much Bernanke charged for his first public appearance out of office.  Interestingly, the $250,000 check Bernanke received for giving a talk to 1,000 attendees at the Emirates Palace was more than what his annual salary leading the Fed, which came up to $199,700.  The former Fed Chairman is reportedly booked for a $300,000 gig in Turkey later this year.

Not surprisingly, Bernanke is also planning to write a memoir of his times at the Fed.  The former Chairman took the reins from Alan Greenspan ahead of the worst financial crisis since the Great Depression, engaging in aggressive money printing through quantitative easing that saw the Fed’s balance sheet pretty much quintuple in size, avoiding an even deeper crisis while boosting asset prices.  Bernanke is accused by  critics with helping the wealthy by pushing stock prices up, while not doing enough support Main Street.

In his attempts to dispel those accusations, Bernanke’s book could lead to another windfall.  Greenspan got an $8 million cash advance from Penguin Press for his book; Bernanke is represented by Robert Barnett, an attorney who also represented his predecessor.
/>

The Highest-Earning Hedge Fund Managers And Traders

Source: Forbes Business

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Soyuz rocket carrying two Galileo satellites lifts off
Brussels, Aug 22 (IANS) A Soyuz rocket carrying two Galileo satellites, the fifth and sixth of Europe's Galileo global satellite navigation system, lifted off from the spaceport in French Guiana Friday, the European Space Agency (ESA) has announced.
 
 
Fresh cases of Ebola recorded in Nigeria: Official
Abuja, Aug 22 (IANS) Fresh cases of the Ebola virus disease have been recorded in Nigeria, where the highly contagious disease has already claimed five lives, Minister of Health Onyebuchi Chukwu said Friday.
 
 
Fuel cell technology gets a boost
Washington, Aug 22 (IANS) In an impetus for fuel cell technology to build "smart" cars, scientists at Stanford University have developed a low-cost, emissions-free device that uses an ordinary AAA battery to produce hydrogen by water electrolysis.
 
 
3D-printed technology to make drug delivery better
Washington, Aug 22 (IANS) The US researchers have developed an innovative method for using affordable, consumer-grade 3D printers and materials to fabricate custom medical implants that can contain antibacterial and chemotherapeutic compounds for targeted drug delivery.
 
 
 

Latest from the Network

Hamas executes 18 alleged collaborators with Israel
Gaza, Aug 22 (IANS/EFE) Palestinian militias Friday executed 18 people accused of collaborating with Israel, 48 hours after three top military leaders of the Islamic Palestinian movement Hamas were killed in an Israeli...
Read more on Politics Balla
 
27 killed in CAR gold mine collapse
Yaounde, Aug 22 (IANS) At least 27 miners have been killed in a gold mine collapse in the Central African Republic (CAR), authorities said Friday. The Ndassima mine is situated 400 km north of the country's capital...
Read more on Politics Balla
 
Austrian humanitarian aid for 100,000 people in Iraq
Vienna, Aug 22 (IANS/WAM) The Austrian government has approved one million euros ($1.3 million) in emergency aid from the Foreign Disaster Relief Fund (FDRF) to the UN in northern Iraq, the country's foreign ministry...
Read more on Politics Balla
 
Displaced Iraqis in urgent need of shelters: UNHCR
Geneva, Aug 22 (IANS) The Office of the United Nations High Commissioner for Refugees (UNHCR) Friday said Iraq's displaced people were in urgent need of shelters. Adrian Edwards, UNHCR spokesperson, said a loaded ship...
Read more on Politics Balla
 
Spencer Locke loved natural look on Tarzan set
Spencer Locke loved not having to wear make-up on the set of 'Tarzan'. The 22-year-old actress starred as Jane in the action-adventure-animation remake of the Disney film last year and she's confessed it was a...
Read more on Movie Balla
 
Deepsea Challenge 3D indulges James Cameron's passion for diving
James Cameron's new film 'Deepsea Challenge 3D' focuses on one of his biggest passions: deepsea diving. The new flick, which sees the esteemed movie director appear in front of the camera rather than behind it, captures...
Read more on Movie Balla
 
Islamabad protests our constitutional right: PTI, PAT
Islamabad, Aug 22 (IANS) The anti-government protests in Pakistani capital's Constitution Avenue area are peaceful demonstrations, in accordance with the constitutional rights of citizens, Pakistan's PTI and PAT...
Read more on Politics Balla
 
Soyuz rocket carrying two Galileo satellites lifts off
Brussels, Aug 22 (IANS) A Soyuz rocket carrying two Galileo satellites, the fifth and sixth of Europe's Galileo global satellite navigation system, lifted off from the spaceport in French Guiana Friday, the European...
Read more on Apple Balla
 
32 killed in Iraq violence
Baghdad, Aug 22 (IANS) At least 32 people were killed and 12 others wounded Friday in incidents of violence in Iraq's eastern province of Diyala, police sources said. Five people were killed and 12 others injured, all...
Read more on Politics Balla
 
70 IS militants killed in Syria
Cairo, Aug 22 (IANS/EFE) At least 70 members of the Islamic State (IS) Sunni extremist organisation have been killed in two days of clashes with the Syrian Army over al-Tabaqa military airport, the only bastion still...
Read more on Politics Balla