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Re:Yellen Summons Regulators to Discuss Financial Market Vol... by treis on Wednesday February 03, 2021 @12:11PM (#26015933)
>Is a position as a lecture of Economics at Harvard

Before I answer, are you seriously arguing that taking a job as a professor is the same as getting paid 1 million dollars for ~10 hours of work?

Re:Yellen Summons Regulators to Discuss Financial Market Vol... by mywittyname on Wednesday February 03, 2021 @01:10PM (#26016917)
If they were given the job because of their position in the government, why does it matter if the job is as a professor, author, talking head, or executive? It's all "profiting from the position."

The debate seems to be over the price. $700k / yr from lecturing to hedge funds is bad but $150k / yr to do the same at Harvard is good?

Re:Yellen Summons Regulators to Discuss Financial Market Vol... by treis on Wednesday February 03, 2021 @01:28PM (#26017194)
(1) She is qualified to be a professor at Harvard even if you exclude her work in public service.

(2) Her salary is in line with others in her position and is given in exchange for doing actual work.

(3) Harvard is not in a position to directly profit from potentially privileged information leaking out in her lectures to students

(4) Harvard is not in a position to directly benefit from Yellen influencing current government regulators/policy makers

(5) Harvard is not in a position to directly benefit from Yellen taking a subsequent regulatory/policy position in government

Re:Yellen Summons Regulators to Discuss Financial Market Vol... by ModernMech on Wednesday February 03, 2021 @06:52PM (#26020847)
> Harvard is not in a position to directly benefit/profit...

They don't? Harvard's $40 billion endowment is larger than Citadel's assets managed. Harvard is a hedge fund that does education as a side hustle.