Thursday, February 09, 2006

LEHMAN PICKS UP $250K GREENSPAN DINNER CHECK

The New York Post reports:
Former Federal Reserve Chairman Alan Greenspan is quickly finding out that dining out in New York can be a very rewarding experience.

On Tuesday night, Lehman Brothers paid Greenspan $250,000 to meet with 15 of its most important clients in Lehman's executive dining room in New York. Lehman paid $100,000 over Greenspan's standard speaking fee of $150,000 for the privilege of being the first Wall Street firm to book the legendary Fed chairman, according to an individual familiar with the situation.
You wonder why someone would pay that kind of money to eat with an former central banker? Information is worth a lot.