Richard Portes, the most famous economist in Britain, and a professor at London Business School, was also commissioned by the Icelandic Chamber of Commerce in 2007 to write a report which praised the Icelandic financial sector. Later iceland saw worst financial crisis in recent history. Laura Tyson, who declined to be interviewed for this film, is a professor at the University of California, Berkeley. She was the chair of the Council of Economic Advisers, and then director of the National Economic Council inthe Clinton administration.Shortly after leaving government, she joined the board of Morgan Stanley, which pays her 350,000 dollars a year. Ruth Simmons, the president of Brown University, makes over 300,000 dollars a year on the board of Goldman Sachs. Larry Summers, who as Treasury secretary played a critical role in the deregulation of derivatives, became president of Harvard in 2001. While at Harvard, he made millions consulting to hedge funds, and millions more in speaking fees, much of it from investment banks. According to his federal disclosure report, Summerss net worth is between 16.5 million and 39.5 million dollars. Frederic Mishkin, who returned to Columbia Business School after leaving the Federal Reserve, reported on his federal disclosure report that his net worth was between 6 million and 17 million dollars.
Posted on: Fri, 27 Jun 2014 17:10:03 +0000
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