I think you meant "conflicts-of-interest", as in private citizens don't have conflicts-of-interest about governance and policy in terms of their income. That would be a more valid statement.
They are also greedy. After the first 100 million they have made they should be rich enough to give their wisdom to non profits who have less money than banks.
> indebted to banks
So the money was a loan? Are you implying the banks can withdraw the money if they're unhappy with performance? > They are also greedy. After the first 100 million
You know, I think you should be giving everything over your first $15,000 to charity too. It's cool for me to tell you how to spend your money, right?I am not telling them what to do with their money but it should be clear to everybody who their paymasters are.
> They don't give a lot of money for nothing
Your explicit assumption there is that having the former president of the US give a speech at your Xmas dinner doesn't carry the speaking fee in terms of:- Impressing your clients: "Of course we're large, powerful, and trustworthy - Bill came to talk us last week"
- Hospitality to your clients; offering important clients a chance to come and watch the speaker
- Making the partners feel like Very Important Peoples
- Morale boosting for current and future employees
As a random example, I note that CareerBuilder had Condoleeza Rice speak at their Empower 2015 sales conference. Do you think there was a political / regulatory angle there?
I don't know about CareerBuilder's motivations and I don't know how much they paid.
> It certainly would be interesting to find out if they
> pay the same money for other celebrities.
This is an interesting article, and I've no particular reason to doubt City AM (a well-known but very localized UK publication) as a source:http://www.cityam.com/221317/forget-politicians-salaries-its...
Blair is an interesting one - USD $600,000 (converted from GBP) for a speech. I'm really not sure what political influence the Filipino company that paid him that could have hoped to get, but I can certainly understand the PR benefits from their perspective.