Quantcast

Obama's First Wall Street Speech Is Fetching A Heavy Ransom, It's Even Double What Hillary Charged

Former President Barack Obama has spent most of the last three months on vacation. After a grueling two terms as president, it seems basking in the sun on pristine beaches at exclusive luxury resorts while penning your memoirs is a great way to help you bounce back. Mr. Obama is home now, and his post-White House plans are starting to come into focus.

The former POTUS has recently made a deal with a Wall Street firm for his first speaking engagement since he returned to civilian life. He'll be raking in a reported $400,000 for that single speech, which is approximately the same amount as his annual salary as president. Not bad for an afternoon's work, but then the Obamas are hardly hurting for cash. Mr. And Mrs. Obama made a joint book deal after leaving the White House for a reported $65 million.

Presidents often command a high speaking engagement fee after stepping down from office. Obama's predecessor, George W. Bush, charges $175,000 per speech. Bill Clinton took in about $200,000 per speech. Like her husband, former Secretary of State Hillary Clinton earns about $200,000 on average per speech. That revelation really hurt her as a presidential candidate, especially because she delivered those speeches to Wall Street companies.

Obama once referred to those Wall Street types as 'fat cats', and claimed he wasn't in politics for them. "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” he said in 2009. At the time, the country was gripped in a financial crisis, and Wall Street was getting the blame.

Now, it seems, Obama is no longer distancing himself from Wall Street. After all, he doesn’t have to run for office anymore and is no longer under any kind of pressure to keep voters happy. At this point in his career, he can just follow the money.

Source: Mail Online
Photo: mail Online

Tell Us What You Think

More News Stories

Though lightning can be beautiful, it can also be deadly. AMW.com reports that a lightning bolt can be up 36,000 degrees Fahrenheit and last one...

Law-enforcement officers should use profiling techniques targeting Muslims to help prevent terrorist attacks in the United States, according to...

Donald Trump, who has frequently vowed to abolish Obamacare and replace it with a different system, seems to be backing down from the pledge....

One Tennessee man thought he was just monkeying around when he pulled a prank at a Chicago stadium however the police didn’t find his antics to be...

Donald Trump aide Kellyanne Conway is “a wretched” person who should stop making excuses for the president-elect’s tweeting rants, according to...

Latest News Stories

A woman, described as a ‘military woman,’ stopped by the Buffalo Wild Wings in Tacoma, Washington for lunch and wanted to pay tribute to a fallen...

Police were highly concerned after 911 dispatchers informed them of a call from a woman residing at the Parkway Inn in Middletown, Ohio, who...

The term 'wardrobe malfunction' was coined in 2004, after Justin Timberlake and Janet Jackson were forced to apologize and explain why her breast...

Rare identical twins kept everyone worried during an extremely risky pregnancy. When the two came into the world, they proved they got through it...

Proud mama Ivanka Trump posted a photo on Instagram on Sunday of her youngest child. Baby Theodore sat on a cozy cushioned ottoman in front of a...