Former US President Barack Obama recently agreed to accept $400,000 from the investment firm Cantor Fitzpatrick for a speech he will give this September. He should use those proceeds to fight inequality – even at the risk of reducing the speaking fees his successors can command.
NEW YORK – Fox Business has gleefully reported that former US President Barack Obama will accept $400,000 from the Wall Street investment firm Cantor Fitzgerald to speak at a health-care conference this September. Those most disappointed by this news include people whom I hold in high regard. For example, Senator Elizabeth Warren says that she is “troubled” by Obama’s decision, and Senator Bernie Sanders finds it “distasteful.” But Obama’s decision, I believe, does have some redeeming features.
NEW YORK – Fox Business has gleefully reported that former US President Barack Obama will accept $400,000 from the Wall Street investment firm Cantor Fitzgerald to speak at a health-care conference this September. Those most disappointed by this news include people whom I hold in high regard. For example, Senator Elizabeth Warren says that she is “troubled” by Obama’s decision, and Senator Bernie Sanders finds it “distasteful.” But Obama’s decision, I believe, does have some redeeming features.